Calling all investors! Rental complex for sale in a high demand rental area! This complex is excellently located with quick access to Market Square, the Center of Tallahassee, close to midtown and Uptown. It consists of 4 structures: 1 triplex (Apt 1, 2, and 3) and 3 detached houses (apt 4, 5, and 6) for a total of 6 rental apartments. Apt 4 is newly vacant and is being cleaned up and prepped for a new tenant. It is expected to rent for at least $750/mo so more profits for the buyer! This property is grandfathered in to allow for more units than can be had anywhere else in the immediate area! Given the complex's long standing history of income it will qualify for commercial financing with ease. Note* Brown strips on carpet is paper laid out to protect it from dirt. Interior pictures are from unit 6. 9.5% cap rate is based off an estimated 30% expense rate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
