416 Belmont Road #-, Tallahassee, FL 32301
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416 Belmont Road #-, Tallahassee, FL 32301
416 Belmont Road #-, Tallahassee, FL 32301
416 Belmont Road #-, Tallahassee, FL 32301
416 Belmont Road #-, Tallahassee, FL 32301

$521,250

Est. payment /mo

$550,000

5.2%
Est.Price: ?

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416 Belmont Road #- Tallahassee, FL 32301

8 Beds

4 Baths

3,024 SqFt

SOLD DATE : 07/11/2024

Key Details

Sold Price $521,250

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $172

Subdivision Magnolia Office Center

MLS Listing ID 372044

Sold Date 07/11/24

Bedrooms 8

Full Baths 4

Construction Status Concrete Block,Siding - Wood

Year Built 1970

Lot Dimensions 130x80x130x80

Property Sub-Type Multi-Family

Property Description

Great investment opportunity on quadraplex in fantastic location less than 2 miles East of historic downtown Tallahassee and Cascades Park. The central location makes these units easy to rent out! Four 2bed/1bath units. Fully rented with gross annual rent of $51,060. There is room to raise rents on two units by another $100 to $150 per month by making some easy updates. New roof in 2022. Low maintenance single story concrete block construction. Each unit has washer/dryer connections and a private patio. Two units have recently been updated with new paint, flooring, new light fixtures, ceiling fans, re-surfaced tub and more. Close to downtown, Cascades Park, shopping, restaurants, Tallahassee Memorial Hospital, Governor Square Mall and more! Additional pictures and property information is available upon request.

Location

State FL

County Leon

Area Ne-01

Rooms

Other Rooms Utility Room - Outside

Interior

Heating Central, Electric

Cooling Central, Electric

Flooring Carpet, Ceramic/Clay, Slab, Vinyl, Units Vary

Equipment Range, Refrigerator, Smoke Detector

Exterior

Parking Features Assigned Spaces

Private Pool No

Building

Lot Description Living Room/Dining Room, Separate Living Room

Story Story - One

Level or Stories Story - One

Construction Status Concrete Block,Siding - Wood

Schools

Elementary Schools Hartsfield

Middle Schools Fairview

High Schools Rickards

Others

Ownership Market Rate Rentals LLC

SqFt Source Tax

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Amac Real Estate Co.
Bought with Hamilton Realty Advisors LLC

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