Gray and white pictures are digital renderings of what the exterior could look like painted. Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.
Sold for $312,000 on 08/02/24
$312,000
309 Vantage Point Ln APT 34-35-36, Tallahassee, FL 32301
3beds
--baths
2,208sqft
Multi Family
Built in 1978
-- sqft lot
$314,100 Zestimate®
$141/sqft
$1,493 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2024 at 12:31pm
Listed by:
Jason C Naumann 850-933-0328,
The Naumann Group Real Estate,
Cole Davis 850-545-2111,
The Naumann Group Real Estate
Bought with:
Devin Odom, 3525166
Frog Real Estate Company, LLC
Source: TBR,MLS#: 367426

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Disposal, Range, Refrigerator, Washer
Features
- Entrance Foyer
- Flooring: Carpet, Other, Vinyl, Wood
- Has fireplace: No
Interior area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Exterior features: Deck
Lot
- Dimensions: 43 x 131 x 131 x 88
Details
- Parcel number: 120731131190000100
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Frame
Condition
- Year built: 1978
Community & neighborhood
Location
- Region: Tallahassee
- Subdivision: Vantage Point Unrec
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,200 annually
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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