The Social 2700

The Social 2700

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Listing was updated on: 01/11/2023

2700 W. Pensacola Street, Tallahassee, FL, United States

On behalf of Ownership, Rittenhouse Realty Advisors / GREA is pleased to present to qualified investors the opportunity to acquire The Social 2700. The Social 2700 is a 261-unit, 700-bed, off-campus student complex. Located on West Pensacola Street, the main thoroughfare between two higher education institutions, Florida State University and Tallahassee Community College, The Social not only provides convenience to multiple schools but also offers access to major retail stores and grocers. Some nearby retail includes ALDI, WestEnd Square Shopping Mall, Dunkin’ Donuts, and countless local eateries. A Publix grocery store, Target, CVS, Walgreens and additional restaurants are also approximately a 5-minute drive from The Social. The Tallahassee International Airport is approximately 5 miles south of the asset, offering even more ease to students who are traveling home for school breaks or participating in one of the many study abroad programs available.  

The asset features a contemporary exterior with spacious balconies and patios. Residents will find plenty of on-site amenities including a beautiful pool and spa with cabanas, wet bars and grills. The state-of-the-art fitness center is equipped with cardio machines and a weight room. There is a 24-hour clubhouse which is home to a computer lab, TV lounge and package room. offers a 5-minute, private shuttle service to Florida State University’s campus.  

The Social 2700 offers tremendous value-add upside to a potential investor. A majority of the units have undergone renovations, but there about 26% of the units remain unfurnished, presenting an opportunity to easily refresh units. On average, furnished units generate 7% monthly premium compared to unfurnished options. Additional upside potential exists through modernizing/refreshing kitchen cabinetry, kitchen appliances, bathroom cabinetry and materials and making some living room enhancements. The renovated units can also further be improved with bedroom remodeling and upgraded appliances.  

The Social 2700 is a popular, off-campus student housing community within the Tallahassee market and presents an opportunity to acquire an asset in a striving, student market, with tremendous value-add potential to further strengthen the property.

• Additional URL thesocial2700.sharplaunch.com