$575,000
$595,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
3,960 SqFt
SOLD DATE : 08/15/2023
Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $145
Subdivision Rockbrook East
MLS Listing ID 360347
Sold Date 08/15/23
Bedrooms 8
Full Baths 4
Half Baths 4
Construction Status Siding - Vinyl,Units Vary
Year Built 1979
Lot Dimensions 81x144x81x39x89
Property Description
An investor's dream! Very well maintained corner-located townhouse-style quadruplex in east Tallahassee close to parks, shopping and walking distance to high school and elementary school // Owned by the same family-run partnership for decades, the care shows on the exterior and interior // Three of the four units were totally renovated in 2020-2022 including new cabinets, backsplash, counters, flooring, appliances, tubs/tile bathroom walls, fixtures and more // Roof from in 2019 // Total rents (including pet fees) are $5065 per month ($60780 per year); GRM of 9.78 and cap rate of 7.2% // All leases and three years of profit and loss statements are available // All units are occupied // Each unit has a back balcony // Plenty of side parking in a private lot that comes with the property // Washer/dryer in unit C convey, but all other units have tenant-owned washer/dryer sets
Location
State FL
County Leon
Area Se-03
Rooms
Other Rooms Master Bedroom - Up, Utility Room - Inside
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Some Carpet, Vinyl, Units Vary
Equipment Dishwasher, Range, Refrigerator, Smoke Detector, Units Vary
Exterior
Garage Area - Unassigned
Private Pool No
Building
Lot Description Kitchen/Dining Room
Story Story - Two plus, Unit - End, Unit - Interior
Level or Stories Story - Two plus, Unit - End, Unit - Interior
Construction Status Siding - Vinyl,Units Vary
Schools
Elementary Schools Apalachee
Middle Schools Fairview
High Schools Lincoln
Others
Ownership TQUADS FLORIDA LLC
SqFt Source Tax
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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2901 E Park Avenue, Unit 2700, Tallahassee, Florida, 32301, United States