Courtesy of , Lux Agency LLC
Property Description
*** 10-Unit Townhouse Portfolio, comprised of 5 Duplexes *** 100% Occupancy *** Property Consists of 2 street addresses: 2273 Hartsfield Rd #1, Tallahassee, FL 32303 2289 Hartsfield Rd #1, Tallahassee, FL 32303 *** Turn-key and High Cash Flow (over $142K in annual rental income) with ability to increase rents as leases are renewed *** All 10 of the Townhouses are in one self-contained community *** No HOA! *** Unit Mix: 8 – 3 bed / 3 bathroom units and 2 – 2 bed / 2 bathroom units *** Unit Sq/Ft: 1,100+ sq ft *** Perfect Multi-Family Investment Property for individuals looking to expand their real estate investment portfolio and boost their cash flow. *** Recent upgrades and capital investments offer above-market rate potential and include new vinyl floors in all units and some new HVACs and washer/dryers *** All units have New Roofs that were installed within the last 2 years *** The entire parking lot and driveway entry was refinished less than 3 years ago *** All units have separately metered utilities. *** Located less than 10 minutes from 2 major State Universities: 3 miles to FSU (Florida State University) 5 miles to FAMU (Florida Agricultural & Mechanical University) Combined Student Enrollment over 55,000 students
Open House
Property Details and Features
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Building
- Toal building area: 11980
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Expenses
- Insurance: $9,000
- Maintenance: $1,930
- Other: $19,901
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Income
- Net operating income: $99,449
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Listing
- Listing ID: 369595
- Standard status: Active
- 7 days on market
- 10 toal units
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Lot
- 1 acre
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Parking
- 30 total parkings