302 Vantage Point Lane #-, Tallahassee, FL 32301
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302 Vantage Point Lane #-, Tallahassee, FL 32301
302 Vantage Point Lane #-, Tallahassee, FL 32301
302 Vantage Point Lane #-, Tallahassee, FL 32301
302 Vantage Point Lane #-, Tallahassee, FL 32301

$1,248,000

Est. payment /mo

$1,300,000

4.0%
Est.Price: ?

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302 Vantage Point Lane #- Tallahassee, FL 32301

4 Beds

4 Baths

8,832 SqFt

SOLD DATE : 08/02/2024

Key Details

Sold Price $1,248,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,832 sqft

Price per Sqft $141

Subdivision Vantage Point Unrec

MLS Listing ID 367831

Sold Date 08/02/24

Bedrooms 4

Full Baths 4

Construction Status Frame

Year Built 1978

Lot Dimensions 205x77x205x77

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 is a package of 4 triplex totaling 12 units. They are 4 separate parcels. This listing 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

Rooms

Other Rooms Utility Room - Inside, Units Vary

Interior

Heating Central, Electric

Cooling Central, Electric, Fans - Ceiling

Flooring Carpet, Vinyl, Wood, Others

Equipment Dishwasher, Disposal, Range, Refrigerator, Wash/Dry All

Exterior

Parking Features On Street

Private Pool No

Building

Lot Description Kitchen/Din Rm/Liv Room

Story Story - Two plus

Level or Stories Story - Two plus

Construction Status Frame

Schools

Elementary Schools Hartsfield

Middle Schools Cobb

High Schools Leon

Others

Ownership Wallenfelsz

SqFt Source Tax

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by The Naumann Group Real Estate
Bought with Frog Real Estate Company, LLC

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