$312,000
$325,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
311 Vantage Point Lane #Apt. 37, 38, 39 Tallahassee, FL 32301
3 Beds
3 Baths
2,208 SqFt
Key Details
Sold Price $312,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,208 sqft
Price per Sqft $141
Subdivision Vantage Point Unrec
MLS Listing ID 367438
Sold Date 08/02/24
Bedrooms 3
Full Baths 3
Construction Status Redwood/Cedar/Cypress
Year Built 1978
Lot Dimensions 101x113x100x131
Property Sub-Type Multi-Family
Property Description
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.
Location
State FL
County Leon
Area Ne-01
Interior
Heating Central, Electric
Cooling Central, Electric, Fans - Ceiling
Flooring Units Vary
Equipment Dishwasher, Disposal, Range, Refrigerator, Wash/Dry Some, Units Vary
Exterior
Parking Features Area - Unassigned
Private Pool No
Building
Lot Description Kitchen with Bar, Living Room/Dining Room
Story Story - Two plus
Level or Stories Story - Two plus
Construction Status Redwood/Cedar/Cypress
Schools
Elementary Schools Hartsfield
Middle Schools Cobb
High Schools Leon
Others
Ownership Wallenfelsz
SqFt Source Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Frog Real Estate Company, LLC






