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1347 Hancock St
Tallahassee, FL 32304
Hancock Place · Multifamily Property For Sale
·
42 Units
Property Facts
| No. Units | 42 | Building Size | 21,084 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2012 |
| Building Class | B | Parking Ratio | 1.99/1,000 SF |
| Lot Size | 0.93 AC | ||
| Zoning | R-4 - Single, Two-Family & Multi Family Residential | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 21,084 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2012 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R-4 - Single, Two-Family & Multi Family Residential |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer
- Security System
- Ceiling Fans
- Crown Molding
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
- Walk-In Closets
- Pantry
- Porch
Site Amenities
- Controlled Access
- Security System
- Gated
About 1347 HANCOCK ST , TALLAHASSEE, FL 32304
CBRE Capital Markets is proud to offer qualified investors the opportunity to acquire Hancock Place Townhomes in Tallahassee, FL. This privately gated 14-unit and 42-bed boutique trophy student housing asset caters primarily to the Florida State University student body. Hancock Place Townhomes is located directly across Tennessee Street from Florida State’s campus and just east of The Strip, which is home to a number of popular bars and restaurants. Hancock Place Townhomes provides investors with the opportunity to increase rental rates 20%+ after furnishing the remaining 10 units, resulting in a strong annual cash-on-cash return just shy of 11%.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 14 | $2,378 | 1,506 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,248,000 | |
| Land Assessment | $1 | Total Assessment | $3,248,001 |
Property Taxes
