House with 6 Cottages
Multi-Family
for Sale
| Catylist Listing ID: |
30666374 |
| Property Subtypes: |
Low-Rise/Garden, Mixed Use, Other
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
7,179 SF |
| Gross Land Area: |
6.65 Acres
|
| Sale Price: |
$895,000 |
| Unit Price: |
$127,857.14 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/22/2021 |
Overview / Comments
|
Once in a lifetime opportunity to own nearly seven acres of investment property plus a ranch-style homestead (or larger rental) in Tallahassee's most sought-after area: The Northeast Market District // Built in the mid-1950's, the property consists of a 2100 sq ft main house with four bedrooms and two full baths that has been renovated over the years to blend with it's classic original elements // The cottages range in rent from $600-$895 (Seller has chosen not to raise rent for two long-time tenants), but market rent is $895 each // With interior cosmetic renovations and/or a furnished AirBnb/short-term rental concept, the market rent could be much, much higher // The cottages are all nearly identical in their floor plans, but are 844 square feet and each have two bedrooms and one full bathroom, some have carports // Various updates throughout each, but most have rather original interior finishes hard floors // Owner has kept up with septic and roof repairs very well // Property was parceled separately so that main house is on one parcel for homestead purposes // Water well for all properties is on homestead parcel // Both parcels must be sold together // Leases, surveys and old appraisal docs are available
|
Additional Details
| Nearest MSA: |
Tallahassee |
| County: |
Leon |
| Taxing Authority: |
Leon County |
| Tax ID/APN: |
2101204030000, 2101204130000 |
| Zoning: |
LP - LAKE PROTECTION |
| Property Located Between: |
NE Tallahassee |
| Total Number of Buildings: |
7 |
| Year Built: |
1954 |
| Zoning Description: |
Lake Protection |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,435 |
40,593 |
152,141 |
| Median Age: |
48.85 |
38.23 |
33.48 |
| Households: |
1,057 |
17,789 |
63,109 |
|
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