$521,250
$550,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,024 SqFt
SOLD DATE : 07/11/2024
Key Details
Sold Price $521,250
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $172
Subdivision Magnolia Office Center
MLS Listing ID 372044
Sold Date 07/11/24
Bedrooms 8
Full Baths 4
Construction Status Concrete Block,Siding - Wood
Year Built 1970
Lot Dimensions 130x80x130x80
Property Description
Great investment opportunity on quadraplex in fantastic location less than 2 miles East of historic downtown Tallahassee and Cascades Park. The central location makes these units easy to rent out! Four 2bed/1bath units. Fully rented with gross annual rent of $51,060. There is room to raise rents on two units by another $100 to $150 per month by making some easy updates. New roof in 2022. Low maintenance single story concrete block construction. Each unit has washer/dryer connections and a private patio. Two units have recently been updated with new paint, flooring, new light fixtures, ceiling fans, re-surfaced tub and more. Close to downtown, Cascades Park, shopping, restaurants, Tallahassee Memorial Hospital, Governor Square Mall and more! Additional pictures and property information is available upon request.
Location
State FL
County Leon
Area Ne-01
Rooms
Other Rooms Utility Room - Outside
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Carpet, Ceramic/Clay, Slab, Vinyl, Units Vary
Equipment Range, Refrigerator, Smoke Detector
Exterior
Garage Assigned Spaces
Private Pool No
Building
Lot Description Living Room/Dining Room, Separate Living Room
Story Story - One
Level or Stories Story - One
Construction Status Concrete Block,Siding - Wood
Schools
Elementary Schools Hartsfield
Middle Schools Fairview
High Schools Rickards
Others
Ownership Market Rate Rentals LLC
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Hamilton Realty Advisors LLC
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