Sold for $1,600,000

$1,600,000

2601 McKeithen Ct #1-17, Tallahassee, FL 32304

12beds

--baths

1,173sqft

Multi Family

Built in 2009

-- sqft lot

$1,632,900 Zestimate^®

$1,364/sqft

$1,456 Estimated rent

Home value

$1,632,900

$1.49M - $1.80M

$1,456/mo

Zestimate^® history

Owner options

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$1,456/mo

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$1,456/mo

Rent Zestimate^®

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$11,010/mo

Est. payment

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$11,010/mo

Est. payment

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What's special

Prime location

This is a great opportunity for potential investors and landlords! The 17 unit complex with 3 bedroom and 3 bathroom each is located in a prime location close to Florida State University and Tallahassee Community College, making it ideal for students and young professionals. The units were built in 2009, ensuring a modern and well-maintained living experience for tenants. With a projected rental income of $250,000 per year, this property has the potential to generate a substantial return on investment. If you're looking for a smart real estate investment in a growing market, this property is definitely worth considering! Additionally, the property is even more flexible, as each unit has its own deed, meaning that the new owner can sell them separately if desired.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12

Rooms

Room types: Utility Room

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric, Heat Pump

Appliances

Included: Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Refrigerator with Ice Maker, Washer

Features

Flooring: Carpet, Clay, Ceramic Tile, Laminate
Has fireplace: No

Interior area

Total structure area: 1,173
Total interior livable area: 1,173 sqft

Property

Parking

Parking features: Covered, Carport
Has carport: Yes

Lot

Dimensions: 200 x 240 x 100 x 240

Details

Parcel number: 120732128350001010
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family

Materials

Frame, Vinyl Siding

Condition

Year built: 2009

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: MCKEITHEN COMMONS

Location

Region: Tallahassee

Financial & listing details

Price per square foot: $1,364/sqft
Annual tax amount: $25,545
Date on market: 2/28/2025
Cumulative days on market: 108 days
Listing terms: Cash,Conventional
Lease term: 12 Months

Price history

Date	Event	Price
6/24/2025	Sold	$1,600,000-27.3%$1,364/sqft
Source: TBR #382559 Report a problem
3/16/2025	Contingent	$2,200,000$1,876/sqft
Source: TBR #382559 Report a problem
2/28/2025	Listed for sale	$2,200,000-17%$1,876/sqft
Source: TBR #382559 Report a problem
9/30/2024	Listing removed	$2,650,000$2,259/sqft
Source: TBR #368965 Report a problem
2/11/2024	Listed for sale	$2,650,000$2,259/sqft
Source: TBR #356112 Report a problem
2/6/2024	Contingent	$2,650,000$2,259/sqft
Source: TBR #356112 Report a problem
3/4/2023	Listed for sale	$2,650,000$2,259/sqft
Source: TBR #356112 Report a problem