Property Attributes
- MLS#368965
- TypeMulti-Family
- CountyLEON
- CityTallahassee
- AreaNW
- NeighborhoodMCKEITHEN COMMONS
- Zip32304
- StyleTwo Story
- Year Built2009
- Taxes$ 25545
- Price$ 2,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1173
Data Source:
Tallahassee MLS (TBRMLS)
Property Description
This is a great opportunity for potential investors and landlords! The 17 unit complex with 3 bedroom and 3 bathroom each is located in a prime location close to Florida State University and Tallahassee Community College, making it ideal for students and young professionals. The units were built in 2009, ensuring a modern and well-maintained living experience for tenants. With a projected rental income of $250,000 per year, this property has the potential to generate a substantial return on investment. If you're looking for a smart real estate investment in a growing market, this property is definitely worth considering! Additionally, the property is even more flexible, as each unit has its own deed, meaning that the new owner can sell them separately if desired.
Elementary School | Middle School | High School |
---|---|---|
Riley Elementary School | Nims Middle School | Godby High School |
Price History | |
---|---|
2/26/2024 | Listed $2,650,000 |
General Features
Heating | Central,Electric |
---|---|
Cooling | CentralAir,CeilingFans,Electric,HeatPump |
Appliances | Dryer,Dishwasher,Disposal,Microwave,Range,Refrigerator,Washer |
HOA | 0.0 |
Architectural Style | TwoStory |
Security Features | SmokeDetectors |
Construction Materials | Frame,VinylSiding |
Year Built | 2009 |
Unit Number | 1-17 |
Property SubType | MultiFamily |
Gross Income | 198317.0 |
OwnerPays | AssociationFees,CommonAreaMaintenance,Insurance,Management,Repairs,Taxes |
County | Leon |
New Construction | No |
Property Type | Residential |
HOA / Comm Assn | No |
Attached Garage | No |
Subdivision Name | MCKEITHEN COMMONS |
Garage Y/N | No |
Rent Includes | Gardener |
Special Listing Conditions | Standard |
Status | Active |
Directions | Tennessee St turn left onto Mckeithen St,the property is on the right. |
ModificationTimestamp | 2024-03-04T06:11:41.520-00:00 |
High School | GODBY |
City | TALLAHASSEE |
Buyer Agent Compensation | 2 |
View Y/N | No |
Senior Community Y/N | No |
Total Units | 17 |
MLS Area | NW-02 |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | Yes |
Street Name | MCKEITHEN |
Listing Terms | Cash,Conventional |
Elementary School | RILEY |
Property Attached Y/N | No |
Land Lease Y/N | No |
Tax Annual Amount | 25545.0 |
Home Warranty Y/N | No |
Middle/Junior High School | NIMS |
Ok to Lease | Item12Months |
Lease Renewal Y/N | No |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Days on Market | 7 |
Standard Status | Active |
Tax Lot | - |
Property Sub Type Additional | MultiFamily |
MobileHomeRemainsYN | No |
Buyer Agent Compensation Type | Item1 |
Interior Features
Flooring | Carpet,Clay,CeramicTile,Laminate |
---|---|
Basement (Y/N) | No |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | Court |
Electric On Property Y/N | No |
Exterior Features
Parking Features | Covered,Carport |
---|---|
Spa | No |
Building Area Total | 1173.0 |
Lot Dimensions | 200X240X100X240 |
Crops Included Y/N | No |
Open Parking Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool