The Awesome Quadraplex is an amazing investment property that offers a great return on investment. It is a four-unit building located in a desirable area, next to golf course with easy access to amenities and transportation. This is a great opportunity for investors looking to diversify their portfolio and generate passive income. The Quadraplex is a well-maintained building with four separate units. Each unit has two bedrooms and two bathroom, making it ideal for the Tallahassee rental market. The units are spacious and have been recently renovated, making them attractive to potential tenants. Renters love this area, super easy to rent when dealing with tenant turnover. This property features 3 newer AC's, all Newer Water Heaters! It is close to shopping centers, restaurants, parks, state offices and other attractions. This makes it an ideal location for tenants who want to be close to all the action. Additionally, Nicklaus Court is located not to far from the two major universities & downtown. making it easy for tenants to commute to work or school. The Quadraplex offers investors a great return on investment. The rental income from the four units can provide a steady stream of passive income. Currently, the property is already producing $3850 gross monthly! Additionally, this property comes with a great value add benefit of having below average rents for the area. This quadraplex also offers investors the opportunity to increase their rental income by raising rents between $200-$400 per unit with little to now effort. Your monthly potential could be $4800-5,600 per month! This awesome quadraplex is an excellent investment opportunity that should not be overlooked!
Sold for $505,000 on 07/07/23
$505,000
1886 Nicklaus Ct APT A, Tallahassee, FL 32301
--beds
--baths
3,952sqft
Multi Family
Built in 1984
-- sqft lot
$582,600 Zestimate®
$128/sqft
$1,279 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 09, 2023 at 07:12am
Listed by:
Jules Straker 850-841-0097,
Optimizing CRE LLC
Bought with:
Erik P Seise, 3408489
Bevis Realty
Source: TBR,MLS#: 358477

Facts & features
Interior
Heating
- Central, Electric, Wood
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Central Vacuum
- Flooring: Clay, Ceramic Tile, Laminate, Wood
- Has fireplace: Yes
Interior area
- Total structure area: 3,952
- Total interior livable area: 3,952 sqft
Property
Parking
- Parking features: Garage, Unassigned
- Has garage: Yes
Features
- Patio & porch: Deck, Patio
- Exterior features: Deck, Storage
Lot
- Size: 7,366 sqft
- Dimensions: 200 x 75 x 200
Details
- Additional structures: Shed(s)
- Parcel number: 120733108650000090
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Frame
Condition
- Year built: 1984
Community & neighborhood
Location
- Region: Tallahassee
- Subdivision: ST ANDREWS
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan