2925 Par Lane
Tallahassee,
FL
32301
Property Details
List Price: |
$619,000 |
Beds: |
8 |
Baths: |
8 |
Status: |
Active |
SqFt: |
3712 |
Agency: |
Amac Real Estate Co. |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1979 |
Notes: |
Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D. |
MlsNumber: |
370901 |
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Listing Provided By: |
Amac Real Estate Co., original listing |
Name: |
Amac Real Estate Co. |
Phone: |
(850) 668-1000 |
Office Name: |
Amac Real Estate Co. |
Office Phone: |
(850) 668-1000 |
Agent Name: |
Robert Nahoom |
Disclaimer: |
Copyright © 2024 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |