$1,625,000 Price Analysis    ♡   Tallahassee, 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 |
Gray and white pictures are digital renderings of what the exterior could look like painted.
* Sale Pending *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 belw market rate at $750-$900 per month.
Rents can be in the $1000 - $1100 range wi th 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 neighborhood 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
Interior Amenities: Utility Room - Inside, Units Vary
Flooring: Carpet, Vinyl, Wood, Others
Disposal
Range
Refrigerator
Wash/Dry All
Heating Features: Central, Electric
Calculated Total Monthly Association Fees: 0
High School: LEON
Middle School: COBB
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Unit-1 Description: 1/1
Unit-2 Description: 1/1
Unit-3 Description: 1/1
Unit-4 Description: 1/1
Unit-1 Square Feet: 736
Unit-2 Square Feet: 736
Unit-3 Square Feet: 736
Unit-4 Square Feet: 736
Unit 1 Total Actual Rent: 800
Unit 2 Total Actual Rent: 800
Unit 3 Total Actual Rent: 800
Unit 4 Total Actual Rent: 800
Rent Includes: Lawn Maintenance
Units Vary
Source Listing Status: Pending
County: Leon
Directions: Magnolia to Hays Street (West side of Magnolia), right on on Smith Street, Right on Vantage Point Ln
Source Property Type: Multi-Family
Home Warranty: No
Area: NE-01
Source Neighborhood: Vantage Point Unrec
Owner Pays: Insurance, Maintenance/Repairs
Parcel Number: 1131190000120
Subdivision: Vantage Point Unrec
Source System Name: C2C
| 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 |
$1,625,000
Tallahassee
Listed 2024-01-15
$325,000
Tallahassee
Sold 2002-12-01
$582,000
Public Record
Sold 1998-08-28
$420,000
Public Record
Sold 1986-01-01
$95,000
Public Record
Year Built: 1978
Construction Materials: Frame
Floor Plan: Story - Two plus
Property Age: 46
Levels or Stories: Story - Two plus
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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.