Excellent rental in very good shape. Built in 2000. New fridge 2 years ago, New AC compressor this year. Incredible location, and priced at a 40% discount from its prior high. Students compete for the property based solely on the location. I average 5-10 calls a day when sign is in the front yard. Lease always signed within 2 weeks of advertising vacany. It has never had a vacancy during any time since it was built in 2000! Rented for $1110 per month. So based on asking price this property will make money from the moment you close. Other potential upsides: * Part of FAMU's Master Plan to extend the university all the way to Duval. This property is on the east side where FAMU intends to expand. I have letters from the city of Tallahasee to document this. There is a good chance that over the next 5 years this property could be acquired by FAMU. * LOTS of Urban renewal going on within a 1 mile radius. Check out Talgov.com and look at:1.The Gaines Street Corridor projecthttp://www.talgov.com/gaines/index.cfm 2.The FAMU WayExtensionhttp://www.talgov.com/famuway/index.cfm 3. Capital Cascades http://www.talgov.com/planning/npss/sector_plans/capcas.cfmOnce there you can see the current development plans for the area. Lakes, Parks and lots of greenspace all within a few hundred feet of this property. These are funded plans through the 1 cent sales tax.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
