MLS# 370901 – 2925 Par Lane, Tallahassee, FL 32301

Price: $619,000
Baths: 0
Living Area SqFt: 3,712
Status: Active
Property Type: Multi Family
Year Built: 1979
Neighborhood: Par 4 Condominiums
Days on Website: 34

Courtesy of , Amac Real Estate Co.

Property Description

Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it’s own parcel I.D.

Open House

Property Details and Features

  • Appliances & Equipment
  • Dishwasher
  • Range
  • Refrigerator
  • Building
  • Built in 1979
  • Architectural style: TwoStory
  • Construction materials: Brick,Other
  • Toal building area: 3712
  • Cooling
  • CentralAir
  • CeilingFans
  • Electric
  • Floors
  • Clay
  • CeramicTile
  • Laminate
  • Vinyl
  • Heating
  • Central
  • Electric
  • Interior Features
  • Pantry
  • Listing
  • Listing ID: 370901
  • Standard status: Active
  • 22 days on market
  • 4 toal units
  • Location
  • Subdivision name: Par 4 Condominiums
  • Parking
  • Unassigned
  • Possession
  • CloseOfEscrow
  • Property
  • Patio and porch features: Patio,Porch,Screened
  • Schools
  • Elementary school: CONLEY ELEMENTARY
  • Middleorjuniorschool: FAIRVIEW
  • High school: RICKARDS

Property Map

$619,000 – 2925 Par Lane, Tallahassee, FL 32301

Street View

Nearby Schools

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