$207,000
$230,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,400 SqFt
SOLD DATE : 03/25/2021
Key Details
Sold Price $207,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $60
Subdivision Yon'S Lakeside Estates
MLS Listing ID 313519
Sold Date 03/25/21
Bedrooms 8
Full Baths 4
Construction Status Brick 4 Sides,Siding - Vinyl
Year Built 1982
Lot Dimensions 206x206
Property Description
Here is your opportunity to own a multi-family property for less than what it would cost to build them today. This property hasn't come to market in almost 40 years. This property is TWO duplexes (4 units total) on a one-acre lot - 5011/5013 Center Drive and 806/808 Starnes Road. $249,000 IS FOR BOTH DUPLEXES. Each duplex has a 2 bedroom, 1 bathroom apartment on each side and all units are identical. Each unit is occupied by a long-term tenant. These units were built to be low maintenance and withstand the rigors of long-term tenants. The buildings feature metal roofs, brick knee-walls all the way around the building perimeter, vinyl siding (which is on top of T-111 siding underneath), full tile flooring, commercial metal doors, open floor plans, full-tile bathrooms, and central heat & air. These buildings qualify for a federal grant which will pay 100% of the cost of hooking all units up to city sewer services. Once the main sewer lines are installed in the street (by the City of Tallahassee), all four units will be hooked up to the sewer system AT NO COST TO THE LANDOWNER. This is a savings of $30,000-$40,000. Leon County projects the project to be completed in the next 12 months. Selling AS-IS.
Location
State FL
County Leon
Area Sw-04
Rooms
Other Rooms Utility Room - Outside
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Ceramic/Clay, Vinyl Tile
Equipment Dishwasher, Range, Refrig/Icemaker, Smoke Detector
Exterior
Garage Area - Unassigned
Private Pool No
Building
Lot Description Kitchen - Eat In, Living Room/Dining Room
Story Story - One
Level or Stories Story - One
Construction Status Brick 4 Sides,Siding - Vinyl
Schools
Elementary Schools Oak Ridge
Middle Schools Nims
High Schools Rickards
Others
Ownership PPI, LLC
SqFt Source Tax
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
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2901 E Park Avenue, Unit 2700, Tallahassee, Florida, 32301, United States