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: 11/18/2020

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
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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Christie Perkins

Coldwell Banker Hartung
TALrex.com Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Tallahassee Board of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.