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643 Kissimmee Street | 8-Unit Boutique Multifamily | Tallahassee, FL Vacant Solutions is proud to present Ashoka, a fully renovated 8-unit boutique multifamily asset located at 643 Kissimmee Street in Tallahassee, Florida. This is a true down-to-the-studs renovation with zero deferred maintenance and no projected near-term capital expenditures - ideal for a passive, long-term hold. Each of the 8 fully furnished units features 2 bedrooms and 1 bath with modern finishes including quartz countertops, stainless steel appliances, LVP flooring, in-unit washer/dryers, and individually metered utilities. The property also features brand-new: low-slope roof, HVAC, plumbing, electrical systems and more. Positioned in Tallahassee's high-velocity university corridor, Ashoka offers unmatched proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee - premier drivers of consistent residential rental demand. Currently undergoing lease up; projected rents of $1,595/unit support a projected annual gross scheduled rent of approximately $153,120 at full stabilization. An ideal acquisition for 1031 exchange buyers or private portfolios seeking turnkey, optimized yield in a premier student housing market. Offering Memorandum and digital media package available upon request. All financial projections, rents, expenses, and operating assumptions are subject to buyer verification and due diligence.
Property Type(s):
Commercial
| Last Updated | 5/16/2026 | Tract | NORMAL SCHOOL |
|---|---|---|---|
| Year Built | 0 | Community | Leon |
| County | Leon |
Additional Details
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Leon |
| CONSTRUCTION | Block, Concrete |
| HEAT | Central |
| LOT | 0.37 acre(s) |
| SUBDIVISION | NORMAL SCHOOL |
| TAXES | 6828 |
| UTILITIES | Electricity Available, Water Available |
| WATER | Public |
Location
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Listing provided by Dalton Arroyo, Vacant Solutions LLC
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2026.
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