Leon County, Tallahassee, FL 32304

AS-IS Renovation Opportunity in a Prime University Corridor — Tallahassee, FL Deep-discount investment opportunity priced at just 62.63% of ARV, offering one of the widest equity spreads available — perfectly positioned near FSU, TCC, FAMU, and Downtown/Midtown Tallahassee, in a corridor with consistent rental demand driven by students, faculty, and young professionals. 1113 Joe Louis St, Tallahassee, FL 32304 Property Details: 3 Bed / 1 Bath | 839 sqft | Built 1958 Vaulted ceilings | Strong potential for renovation and customization Sold AS-IS | No HOA | Not tenant occupied Walkable to restaurants, shopping, parks, bus stops, and nightlife The Numbers: Purchase Price: $119,000 Est. ARV: $190,000 (PP = 62.63% of ARV) Est. Instant Equity: ~$71,000 (before rehab costs) Est. Average LTR: $1,376/mo Est. Average STR: $2,533/mo Why It Works: With a low entry price and a location surrounded by three major universities plus downtown Tallahassee's amenities, this property is built for renovate-and-hold or fix-and-flip investors targeting steady student and young-professional rental demand. The vaulted ceilings and layout offer real potential for a value-add renovation to maximize resale or rental income, while the wide spread to ARV leaves meaningful room to absorb rehab costs and still exit with strong margins.