Realtor, CNS, CMS, CLG, ASP
Multi-Family
for Sale
| Catylist Listing ID: |
30659940 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
6,720 SF |
| Sale Price: |
$515,000 |
| Unit Price: |
$64,375 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.7% |
| Last Updated: |
2/19/2021 |
Overview / Comments
|
Fantastic multi-family investment in an area that rents quickly and easy // Four one-story duplexes all in a row // Each unit has an individual driveway and patio and is an end-unit // Each is a 2BD/1BA with galley kitchen and combined living/dining, hall bath and two bedrooms // Rents are, as of March 2020: $625, $625, $575, $650, $600, $600, $600, $625 and units are fully-occupied // NOI and GRM were taken directly from property manager's records and include deductions for expenses related to lawn care, repairs and management fee // Current property manager is willing to stay on as manager and has good record of producing rental income for current owner // Leases available upon request for qualified Buyers
|
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Taxing Authority: |
Leon County |
| Tax ID/APN: |
4103202050000, 4103202030000, 4103202070000, 4103202130000 |
| Zoning: |
MEDIUM DENSITY RESIDENTIAL MR-1 |
| Area Description: |
SW Tallahassee Area |
| Total Number of Buildings: |
4 |
| Number of Stories: |
1 |
| Year Built: |
1977 |
| Zoning Description: |
MR-1 Medium Density Residential |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,264 |
84,825 |
145,820 |
| Median Age: |
23.04 |
25.13 |
29.13 |
| Households: |
6,132 |
32,718 |
59,165 |
|
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