1272 Ocala Rd #A-B, Tallahassee, FL 32304

Triplex Listed at $550,000 | $50,400 Gross Annual Income This is the kind of property investors search for but rarely find, a fully leased triplex generating $4,200/month ($50,400 annually) with minimal expenses and a potential 7.49% cap rate. The roof was replaced in 2016, and the property has been consistently maintained, resulting in low tenant turnover and steady income through Section 8 lease agreements. Located near TCC, FSU, FAMU, shopping, and major bus routes, the property remains highly desirable to both students and workforce tenants. With Tallahassee rents historically trending upward 2–3% annually, there is room to increase rents and boost returns even further. This could be the cash-flowing asset you have been searching for! CAP rate may vary depending on multiple factors and should be verified by buyers in alignment with their investment strategy. Drive-by only, do not disturb tenants. Showings may be scheduled with proof of funds.