$535,000
$549,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1595 WILLOW BEND Way #- Tallahassee, FL 32301
8 Beds
4 Baths
3,584 SqFt
Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,584 sqft
Price per Sqft $149
Subdivision Willow Bend Unrec
MLS Listing ID 399237
Sold Date 06/05/26
Bedrooms 8
Full Baths 4
Construction Status Frame,Siding - Vinyl
HOA Fees $206/ann
Year Built 1981
Lot Dimensions 80X100X80X100
Property Sub-Type Multi-Family
Property Description
Prime Tallahassee Quadplex- Live for Free Opportunity- Located in a highly desirable Tallahassee corridor, this well-maintained quadplex offers an exceptional opportunity for both investors and owner-occupants. Just minutes from Florida State University, Florida A&M University, downtown, shopping, and major roadways, this property benefits from consistent rental demand. Each of the four units features 2 bedrooms, 1 bathroom, and a private balcony, creating strong appeal for tenants and future appreciation. The current owners have taken pride in maintaining and updating the property with a simple philosophy: “We maintain each unit as if we had to live in it ourselves.” This mindset has resulted in long-term tenants and stable occupancy. Income + House Hack Scenario (Live for Nearly Free) Current Rents (3 Units): $1,040 $1,200 $1,025 Total Current Rental Income: $3,265/month Purchase Scenario: Purchase Price: $550,000 Down Payment (5%): $27,500 Loan Amount: $522,500 Interest Rate: 6.5% (30-year fixed) Estimated Monthly Mortgage (P&I): ˜ $3,300/month Real-World Breakdown Rental income from 3 units: $3,265/month Estimated mortgage: ~$3,300/month Net out-of-pocket housing cost: ˜ $35/month That means you can live in one unit for essentially free while your tenants cover nearly the entire mortgage. Even More Upside- Current rents are below market, leaving room to increase income over time. One unit is vacant, allowing immediate owner occupancy. Eligible for primary residence financing (much better terms than investment loans).
Location
State FL
County Leon
Area Leon
Rooms
Other Rooms Pantry, Utility Room - Inside, Walk in Closet
Interior
Heating Central, Electric, Heat Pump
Cooling Central, Electric
Flooring Ceramic/Clay, Slab, Vinyl
Equipment Dead Bolt, Dishwasher, Microwave, Range, Refrigerator
Exterior
Parking Features Area - Unassigned
Private Pool No
Building
Lot Description Family Room, Kitchen - Galley, Separate Dining Room
Story Story - Two plus
Level or Stories Story - Two plus
Construction Status Frame,Siding - Vinyl
Schools
Elementary Schools Apalachee
Middle Schools Fairview
High Schools Rickards
Others
Ownership DESLIN RENTAL PROPERTIES
SqFt Source Tax
Acceptable Financing Cash, Conventional, FHA, VA, Other
Listing Terms Cash, Conventional, FHA, VA, Other
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