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

Attachments & Media

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 4103202050000, 4103202030000, 4103202070000, 4103202130000
Area Description: SW Tallahassee Area
Total Number of Buildings: 4
Number of Stories: 1
Year Built: 1977
Zoning Description: MR-1 Medium Density Residential

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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


Photograph of Listing Agent

Christie Perkins

Coldwell Banker Hartung Member
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