2306 Delgado Dr, Tallahassee, FL 32304

Discover a rare investment opportunity in the highly sought-after San Luis Ridge neighborhood. Situated on a spacious 0.37-acre parcel, this expansive property offers approximately 3,756± square feet with seven bedrooms and three bathrooms, providing exceptional flexibility for investors, student housing operators, or buyers seeking strong rental income potential. Currently generating approximately $4,250 per month in rental income with a lease secured through May 2027, the property offers immediate cash flow and long-term stability. Its prime location near major universities, employment centers, shopping, dining, and recreation helps maintain consistent tenant demand year after year. Originally constructed in 1960, the home features spacious common areas, generously sized bedrooms, and a functional floor plan designed to accommodate multiple occupants comfortably. The property's large lot, ample parking, and proximity to San Luis Park further enhance its appeal to both tenants and future owner-occupants. Whether you're expanding an existing portfolio, executing a 1031 exchange, or seeking a turnkey rental asset in one of Tallahassee's most established rental corridors, 2306 Delgado Drive presents an outstanding opportunity to acquire a proven income-producing property with strong upside potential.