Hillwood Apartments_Property for Sale
Hillwood Apartments_Property for Sale

Hillwood Apartments

2353 West Mission Road, Tallahassee, FL, 32304, US

Description

Jones Lang LaSalle Inc. (JLL) is proud to present Hillwood Apartments (The "Property"), a value-add investment opportunity in Tallahassee, FL. This two-story, wood-frame asset benefits from experienced ownership, a balanced unit-mix and strategic positioning near the city's most dependable employment centers. As Florida's capital city continues to benefit from expanding university enrollment, permanent government operations, and the robust supporting economy surrounding these institutional anchors, Hillwood Apartments offers investors a compelling opportunity to capture sustained demand for well-maintained, centrally located rental housing.


The property delivers the unit features and amenities that attract quality tenants and support premium rents. Hillwood's well-balanced mix features primarily two-bedroom apartments (66.67%) complemented by townhomes and spacious three-bedroom units, appealing to diverse renter demographics across Tallahassee's institutional employment base. In-unit washer/dryer connections and appliances in more than 90% of apartments provide a highly desirable convenience amenity, while private porches or balconies, vaulted ceilings in select units, and generous walk-in closets deliver the elevated living experience today's renters demand. An inviting community pool completes the package, underscoring Hillwood’s strong historical performance and ability to compete effectively with newer construction.


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Attributes

Units
108
Year built
1988

Media

Investment highlights

  1. Recent replacement of major building systems (roofs/exterior staircases) under experienced ownership delivers immediate CapEx relief.
  2. Proven occupancy stability at 93% over the trailing twelve months demonstrates consistent performance.
  3. Highly connected location provides unmatched access to Tallahassee's primary employment centers— state government offices, FSU, FAMU, and major healthcare facilities.
  4. Unit mix weighted toward high-demand two-bedroom apartments (66.67%), complemented by townhomes and three-bedroom options, positions Hillwood to capture sustainable renter demand.
  5. Current rents averaging $200+ below comparable properties unlock immediate value-add upside through modest capital improvements.
  6. In-unit washer/dryer connections combined with premium features like private outdoor spaces, vaulted ceilings, and walk-in closets command competitive rents.


Hillwood Apartments 4_Property for Sale

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Last updated
Jun 30, 2026