Remarks

Situated in the sought-a?er Cherokee Hills neighborhood, near Cascades Park and Downtown Tallahassee, this all-brick, two-story property features 8 well-maintained, 1-bedroom, 1-bathroom units. With front-door parking for each unit, convenience is key for tenants, ensuring high demand. The property offers solid rental income, with current rents averaging $865 per month and room for potential increases as leases renew. Key updates include a new roof (2024) and 5 out of 8 AC units recently replaced. Each unit is individually metered, minimizing overhead costs. This rare find in a desirable location is perfect for investors seeking a stable and attractive rental property in the heart of Tallahassee. Don’t miss out on this exceptional opportunity!

Details

MLS#: 378619
Price: $1,000,000

Style: Multi Family

County: Leon
Subdivision: Cherokee Hills 1st Addn
Tax Fee: 7039