$619,000 Price Analysis    ♡   Tallahassee, FL 32301 8 bed 8 bath 3,712 SqFt ($166/SqFt) Built 1979 Listed 2024-04-12, Taxes $939 | Ⓧ USDA Ineligible due to location near Tallahassee |
Great Investment Opportunity!
Well maintained Quadraplex on golf course in high demand area with additional land for building more units. Fully rented and currently bringing in $54, 480 annual rntal income. Current rents range from $1050 to $1220, but market rents ar e between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579, 000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths.
Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D.
Presented by Robert Nahoom at
Amac Real Estate Co.
Property MLS #370901 from Tallahassee
Interior Amenities: Pantry, Screened Porch, Units Vary
Flooring: Ceramic/Clay, Laminate, Vinyl, Units Vary
Range
Refrigerator
Heating Features: Central, Electric
Calculated Total Monthly Association Fees: 0
High School: RICKARDS
Middle School: FAIRVIEW
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 2
Full Bathrooms in Unit-2: 2
Full Bathrooms in Unit-3: 2
Full Bathrooms in Unit-4: 2
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 6
Total Rooms in Unit-3: 6
Total Rooms in Unit-4: 6
Unit-1 Description: 2/2
Unit-2 Description: 2/2
Unit-3 Description: 2/2
Unit-4 Description: 2/2
Unit-1 Square Feet: 928
Unit-2 Square Feet: 928
Unit-3 Square Feet: 928
Unit-4 Square Feet: 928
Unit 1 Total Actual Rent: 1195
Unit 2 Total Actual Rent: 1220
Unit 3 Total Actual Rent: 1050
Unit 4 Total Actual Rent: 1075
Rent Includes: Lawn Maintenance, Pest Control
Annual Tax Amount: 4180
Source Listing Status: Active
Tax Exemptions: Homestead - No
County: Leon
Directions: From downtown go East on Apalachee Pkwy, Right on Right Blairstone, left on Kay until you hit Par
Source Property Type: Multi-Family
Home Warranty: No
Area: SE-03
Source Neighborhood: Par 4 Condominiums
Owner Pays: Insurance, Maintenance/Repairs, Management, Pest Control, Taxes
Parcel Number: 31082100000A0
Subdivision: Par 4 Condominiums
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $50,000 + $unknown $50,000 | $939 |
| 2021 | $47,000 + $unknown $47,000 | $902 |
| 2020 | $45,500 + $unknown $45,500 | $860 |
| 2019 | $43,750 + $unknown $43,750 | $836 |
| 2018 | $42,000 + $unknown $42,000 | $810 |
| 2017 | $42,000 + $unknown $42,000 | $819 |
| 2016 | $42,000 + $unknown $42,000 | $831 |
| 2015 | $42,000 + $unknown $42,000 | $850 |
| 2014 | $unknown + $unknown $42,000 | $837 |
| 2013 | $unknown + $unknown $42,000 | $338 |
| 2012 | $unknown + $unknown $42,688 | $344 |
| 2011 | $unknown + $unknown $60,451 | $578 |
| 2010 | $unknown + $unknown $61,304 | $594 |
| 2009 | $unknown + $unknown $62,496 | $592 |
| 2008 | $unknown + $unknown $65,121 | $1,265 |
| 2007 | $unknown + $unknown $60,100 | $1,132 |
$619,000
Tallahassee
Listing removed 2020-06-10
$825
Tallahassee
Listing removed 2018-11-11
$875
Tallahassee
Listing removed 2018-07-17
$875
Tallahassee
Listed for rent 2018-06-26
$875
Tallahassee
Listing removed 2016-01-16
$134,000
Tallahassee
Listed 2015-10-18
$134,000
Tallahassee
Sold 2008-05-27
$100,000
Public Record
Year Built: 1979
Construction Materials: Brick 4 Sides
Floor Plan: Story - Two plus, Unit - Ground Floor, Unit - Upstairs
Property Age: 45
Levels or Stories: Story - Two plus, Unit - Ground Floor, Unit - Upstairs
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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.