Calling all investors! Rental complex for sale in a high demand rental area! This complex is excellently located with quick access to Market Square, the Center of Tallahassee, close to midtown and Uptown. It consists of 4 structures: 1 triplex (Apt 1, 2, and 3) and 3 detached houses (apt 4, 5, and 6) for a total of 6 rental apartments. Apt 4 is newly vacant and is being cleaned up and prepped for a new tenant. It is expected to rent for at least $750/mo so more profits for the buyer! This property is grandfathered in to allow for more units than can be had anywhere else in the immediate area! Given the complex's long standing history of income it will qualify for commercial financing with ease. Note * Brown strips on carpet is paper laid out to protect it from dirt. Interior pictures are from unit 6. 9.5% cap rate is based off an estimated 30% expense rate.
Multi-familyProperty Type
$59Price/Sq.Ft.
Listed by Raymond Uzonyi• Keller Williams Town & Country
Bought with Patrick Hurley• Proper Real Estate Advisors
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Leon County
APN
12073-21-13-20-055-000-0
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 28, 2023.
RP-1
Residential Preservation-1 District
The RP-1 district is intended to apply to residential development in areas designated residential preservation on the future land use map, preserving single-family residential character, protecting from incompatible land uses, and prohibiting densities in excess of 3.6 dwelling units per acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Recreation-Other
Property details
Parking
Parking
Features: Unassigned, Varies by Unit
Interior
Room Information
Room Types: Utility Room
Equipment
Appliances: Dishwasher, Range, Refrigerator, Refrigerator With Ice Maker
Interior Features
Flooring: Carpet, Partially Carpeted, Varies
Other Features: Walk-In Closet(s)
Multi Unit Information
# Of Units Total: 6
Multi Unit Financial Information
Total Rent: $8.04
Gross Income: $54,360
Unit Type 1
Unit Number: SFD
Unit Description: 1-sty
# of Bedrooms: 3
# of Full Bathrooms: 2
Area: 1326.0
Actual Rent: $1,000
Unit Type 2
Unit Number: SFD
Unit Description: 1-sty
# of Bedrooms: 3
# of Full Bathrooms: 2
Area: 1300.0
Actual Rent: $1,000
Unit Type 3
Unit Number: SFD
Unit Description: 1-sty
# of Bedrooms: 2
# of Full Bathrooms: 2
Area: 1024.0
Actual Rent: $750
Unit Type 4
Unit Number: Tri
Unit Description: 1-sty tri
# of Bedrooms: 6
# of Full Bathrooms: 5
Area: 2776.0
Actual Rent: $1,780
Exterior
Building Information
Stories: 1
Construction Details: Fiber Cement, Masonite
Exterior Features
Exterior Features: Fence
Fencing: Partial
Lot Information
Lot Size Dimensions: 325x175x145x90
Financial
Tax Information
Annual Tax Amount: $3,576
Lease Information
Sale Or Lease Indicator: For Sale
Rental Information
Owner Pays: Taxes
Utilities
Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s), Electric
Has Heating
Heating: Central
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Leon County
APN: 12073-21-13-20-055-000-0
Home facts updated by county records on Sep 28, 2023
Around this home
Schools
Sealey Elementary School
Public PreK-5 • Assigned • 0.9mi
6/10
Raa Middle School
Public 6-8 • Assigned • 1.9mi
6/10
Leon High School
Public 9-12 • Assigned • 3.0mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 19 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Tallahassee, FL • 32312
Average low and high temperatures (°F)
60
39
69
48
77
53
84
60
86
67
90
72
93
76
89
73
88
70
81
60
75
54
64
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 5.9 hours in December, placing it above the
U.S. average for solar exposure.