$325,000 Price Analysis    ♡   Tallahassee, FL 32301 3 bed 3 bath 2,208 SqFt ($147/SqFt) Built 1978 Listed 2024-01-15, Taxes $2,945 | Ⓧ USDA Ineligible due to 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 triplex, one of five available for sal, 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 neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks and entertainment.
Presented by Jason Naumann at
The Naumann Group Real Estate.
Property MLS #367435 from Tallahassee
Living Room/Dining Room
Flooring: Units Vary
Disposal
Range
Refrigerator
Wash/Dry Some
Units Vary
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
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Unit-1 Description: 40
Unit-2 Description: 41
Unit-3 Description: 42
Unit-1 Square Feet: 750
Unit-2 Square Feet: 750
Unit-3 Square Feet: 750
Unit 1 Total Actual Rent: 850
Unit 2 Total Actual Rent: 750
Unit 3 Total Actual Rent: 895
Deck
Units Vary
Annual Tax Amount: 3224
Source Listing Status: Pending
Tax Exemptions: Homestead - No
County: Leon
Directions: Magnolia to Hays St to R on Smith, Left on Vantage Point Lane
Source Property Type: Multi-Family
Home Warranty: No
Area: NE-01
Source Neighborhood: Vantage Point Unrec
Owner Pays: Management
Parcel Number: 1131190000160
Subdivision: Vantage Point Unrec
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $156,022 | $2,945 |
| 2021 | $106,838 + $35,000 $141,838 | $2,722 |
| 2020 | $106,838 + $35,000 $141,838 | $2,681 |
| 2019 | $101,803 + $35,000 $136,803 | $2,614 |
| 2018 | $96,109 + $35,000 $131,109 | $2,529 |
| 2017 | $94,246 + $35,000 $129,246 | $2,523 |
| 2016 | $91,214 + $35,000 $126,214 | $2,499 |
| 2015 | $90,032 + $35,000 $125,032 | $2,531 |
| 2014 | $unknown + $unknown $123,455 | $2,461 |
| 2013 | $unknown + $unknown $119,297 | $2,374 |
| 2012 | $unknown + $unknown $119,341 | $2,321 |
| 2011 | $unknown + $unknown $123,147 | $2,447 |
| 2010 | $unknown + $unknown $136,593 | $2,749 |
| 2009 | $unknown + $unknown $137,825 | $2,734 |
| 2008 | $unknown + $unknown $152,611 | $2,964 |
| 2007 | $unknown + $unknown $160,114 | $3,017 |
$325,000
Tallahassee
Listing removed 2022-04-25
$795
Tallahassee
Listed for rent 2022-04-20
$795
Tallahassee
Listing removed 2021-02-13
$750
Tallahassee
Listing removed 2020-12-22
$750
Tallahassee
Listed for rent 2020-12-15
$750
Tallahassee
Sold 2002-12-01
$582,000
Public Record
Sold 1998-08-28
$420,000
Public Record
Sold 1985-01-01
$78,000
Public Record
Year Built: 1978
Construction Materials: Redwood/Cedar/Cypress
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.