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PRICE $525,000 BEDS 0 BATHS 0 HOME SIZE 3,108 sqft LOT SIZE n/a Request More Info

Located in Tallahassee, Florida, this brick quad offers all the benefits of a thriving state capital market with strong rental demand and a prime southeast location. 1981 brick construction situated on 0.21 acres, just steps from A-rated Lincoln High School. Three of four units are currently occupied and generating income, with one unit recently vacated and ready for immediate move-in. Owner is keeping it vacant during the marketing period. All four units are identical layouts, each 2 bedroom/1 bathroom at 777 SF. In-place rents range from $950-$1,000/month with all units on month-to-month leases, offering a new owner flexibility to renew, raise rents, or reposition. Market rents in the area are $1,100+/month. Unit features include private covered patio/deck areas with outside washer/dryer utility rooms, spacious living room/kitchen areas, ample cabinet space. Tenants pay all utilities, City water and sewer. The roof was replaced in 2011, and the building's brick construction provides long-term durability. Total building is 3,108 SF across a single 2-story structure. Centrally located with easy access to Governor's Square, downtown Tallahassee, Florida State University, and FAMU, this asset sits in a high-demand rental corridor with a built-in tenant base.