$1,625,000 Price Analysis 302-311 Vantage Point LnTallahassee, FL 32301 Unknown bed None bath 11,040 SqFt ($147/SqFt) Built 1978 Listed 2024-01-26, Taxes $2,933 | Ⓧ USDA Ineligible due to price & location near Tallahassee |
Welcome to a rare investment in the heart of Tallahassee! This is a package of 5 triplex totaling 15 units. They are 5 separate parcels. This listing offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month.
Rents can be in the $1000 - $1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighbrhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks and entertainment.
Presented by Cole Davis at
The Naumann Group Real Estate.
Property MLS #367831 from Tallahassee
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $unknown + $unknown $155,366 | $2,933 |
2021 | $106,242 + $35,000 $141,242 | $2,711 |
2020 | $106,243 + $35,000 $141,243 | $2,670 |
2019 | $101,217 + $35,000 $136,217 | $2,603 |
2018 | $95,529 + $35,000 $130,529 | $2,518 |
2017 | $93,670 + $35,000 $128,670 | $2,512 |
2016 | $90,643 + $35,000 $125,643 | $2,487 |
2015 | $89,463 + $35,000 $124,463 | $2,520 |
2014 | $unknown + $unknown $122,886 | $2,450 |
2013 | $unknown + $unknown $118,732 | $2,362 |
2012 | $unknown + $unknown $118,775 | $2,310 |
2011 | $unknown + $unknown $122,578 | $2,436 |
2010 | $unknown + $unknown $136,004 | $2,737 |
2009 | $unknown + $unknown $137,235 | $2,723 |
2008 | $unknown + $unknown $152,000 | $2,952 |
2007 | $unknown + $unknown $159,491 | $3,006 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.