Courtesy of , The Naumann Group Real Estate
Property Description
Gray and white pictures are digital renderings of what the exterior could look like painted. Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.
Open House
Property Details and Features
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Appliances & Equipment
- Dishwasher
- Disposal
- Range
- Refrigerator
- WasherDryer
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Building
- Architectural style: TwoStory
- Construction materials: Cedar,RedwoodSiding
- Toal building area: 2208
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Cooling
- CentralAir
- CeilingFans
- Electric
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Exterior Features
- Deck
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Heating
- Central
- Electric
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Interior Features
- TrayCeilings
- VaultedCeilings
- WalkInClosets
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Listing
- Listing ID: 367436
- Standard status: Active
- 65 days on market
- 3 toal units
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Location
- Subdivision name: Vantage Point Unrec
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Parking
- Unassigned
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Possession
- CloseOfEscrow
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Property
- Patio and porch features: Deck
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Schools
- Elementary school: HARTSFIELD
- Middleorjuniorschool: COBB
- High school: LEON