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.
Sold for $312,000
$312,000
308 Vantage Point Ln APT 40-41-42, Tallahassee, FL 32301
3beds
--baths
2,208sqft
Multi Family
Built in 1978
-- sqft lot
$342,700 Zestimate®
$141/sqft
$1,525 Estimated rent
Home value
$342,700
$319,000 - $370,000
$1,525/mo
Zestimate® history
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$2,172/mo
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Zillow last checked:
Listing updated:
Listed by:
Jason C Naumann 850-933-0328,
The Naumann Group Real Estate,
Cole Davis 850-545-2111,
The Naumann Group Real Estate
Bought with:
Devin Odom, 3525166
Frog Real Estate Company, LLC
Source: TBR,MLS#: 367435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator, Washer/Dryer
Features
- Tray Ceiling(s), Vaulted Ceiling(s)
- Has fireplace: No
Interior area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Parking
- Parking features: Unassigned
Features
- Patio & porch: Deck
- Exterior features: Deck
Lot
- Dimensions: 98 x 150 x 101 x 192
Details
- Parcel number: 120731131190000160
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Cedar, Redwood Siding
Condition
- Year built: 1978
Community & HOA
Community
- Subdivision: Vantage Point Unrec
Location
- Region: Tallahassee
Financial & listing details
- Price per square foot: $141/sqft
- Annual tax amount: $3,224
- 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 #367435 Report a problem | ||
| 6/19/2024 | Contingent | $325,000$147/sqft |
Source: TBR #367435 Report a problem | ||
| 1/15/2024 | Listed for sale | $325,000$147/sqft |
Source: TBR #367435 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32301
Nearby homes
- $--1 bd1 ba750 sqft308 Vantage Point Ln #42, Tallahassee, FL 32301Off Market
- $--1 bd1 ba750 sqft308 Vantage Point Ln APT 40, Tallahassee, FL 32301Off Market
- $133,9001 bd1 ba736 sqft308 Vantage Point Ln APT 41, Tallahassee, FL 32301Off Market
- $--1 bd1 ba735 sqft306 Vantage Point Ln APT 44, Tallahassee, FL 32301Off Market
- $220,0991 bd1 ba735 sqft306 Vantage Point Ln APT 43, Tallahassee, FL 32301Off Market
- $--1 bd1 ba750 sqft311 Vantage Point Ln APT 38, Tallahassee, FL 32301Off Market
- $132,4001 bd1 ba750 sqft311 Vantage Point Ln APT 39, Tallahassee, FL 32301Off Market
- $312,0003 bd-- ba2.2k sqft311 Vantage Point Ln APT 37-38-39, Tallahassee, FL 32301Sold
Nearby schools
GreatSchools rating
- 2/10Frank Hartsfield Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Elizabeth Cobb Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Leon High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: HARTSFIELD
- Middle: COBB
- High: LEON
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$342,700
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$349,554
- Florida
- Leon County
- Tallahassee
- 32301
- 308 Vantage Point Ln Apartment 40-41-42
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