Sold for $312,000

$312,000

302 Vantage Point Ln APT 16-17-18, Tallahassee, FL 32301

3beds

--baths

2,208sqft

Multi Family

Built in 1978

-- sqft lot

$342,900 Zestimate^®

$141/sqft

$1,519 Estimated rent

Home value

$342,900

$319,000 - $374,000

$1,519/mo

Zestimate^® history

Owner options

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$1,519/mo

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$1,519/mo

Rent Zestimate^®

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$2,172/mo

Est. payment

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$2,172/mo

Est. payment

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What's special

Gray and white pictures are digital renderings of what the exterior could look like painted. Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3

Rooms

Room types: Utility Room

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Dryer, Dishwasher, Disposal, Range, Refrigerator, Washer

Features

Flooring: Carpet, Other, Vinyl, Wood
Has fireplace: No

Interior area

Total structure area: 2,208
Total interior livable area: 2,208 sqft

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Patio & porch: Deck
Exterior features: Deck

Lot

Size: 0.36 Acres
Dimensions: 205 x 77 x 205 x 77

Details

Parcel number: 120731131190000120

Construction

Type & style

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

Materials

Frame

Condition

Year built: 1978

Community & HOA

Community

Subdivision: Vantage Point Unrec

Location

Region: Tallahassee

Financial & listing details

Price per square foot: $141/sqft
Date on market: 1/15/2024
Cumulative days on market: 177 days
Listing terms: Cash,Conventional
Lease term: 12 Months

Price history

Date	Event	Price
8/2/2024	Sold	$312,000-4%$141/sqft
Source: TBR #367425 Report a problem
6/19/2024	Contingent	$325,000$147/sqft
Source: TBR #367425 Report a problem
1/15/2024	Listed for sale	$325,000$147/sqft
Source: TBR #367425 Report a problem