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.
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