Calling all investors! Rental complex for sale in a high demand rental area! This complex is excellently located with quick access to Market Square, the Center of Tallahassee, close to midtown and Uptown. It consists of 4 structures: 1 triplex (Apt 1, 2, and 3) and 3 detached houses (apt 4, 5, and 6) for a total of 6 rental apartments. Apt 4 is newly vacant and is being cleaned up and prepped for a new tenant. It is expected to rent for at least $750/mo so more profits for the buyer! This property is grandfathered in to allow for more units than can be had anywhere else in the immediate area! Given the complex's long standing history of income it will qualify for commercial financing with ease. Note* Brown strips on carpet is paper laid out to protect it from dirt. Interior pictures are from unit 6. 9.5% cap rate is based off an estimated 30% expense rate.
DAYS ON MARKET
Not In Subdivision
Jr. High School
Prior to Nov 3, '18
Nov 3, '18 - Today
Central, Electric, Fans - Ceiling
Dishwasher, Range, Refrig/Icemaker, Refrigerator, Units Vary
Masonite, Other, Siding - Fiber Cement, Units Vary
Area - Unassigned, Units Vary, Yes
Fencing - Partial, Units Vary
Not In Subdivision
TOTAL MONTHLY PAYMENT
CONTACT US ABOUT 271 BERMUDA RD #-
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Listing provided by Raymond Uzonyi, Keller Williams Town & Country
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2019.
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