2401 S Meridian St, Tallahassee, FL 32301

Turnkey income-producing duplex offered at $199,900 generating $1,950 per month in gross rental income. For investors who use the 1% rule as a benchmark, this property delivers strong numbers from day one. Each unit features 2 bedrooms and 1 bathroom and is fully occupied with tenants who would like to remain in place. • Unit 2401 rents for $925/month on a month-to-month lease with a long-term tenant. Kitchen and bathroom have been renovated. • Unit 2403 rents for $1,025/month with a lease in place through December 31, 2026. This unit was fully renovated in 2024. Major capital improvement completed with a new roof in 2021, reducing near-term maintenance concerns. This property may also qualify for FHA or VA financing for owner-occupants looking to house hack—live in one unit while collecting rental income from the other to help offset your mortgage. Whether you’re expanding your portfolio or looking for a smart entry into multi-family ownership, this duplex offers immediate cash flow, tenant stability, and recent upgrades. Please note: Photos in the listing are of Unit 2403 and were taken prior to the tenant’s move-in.