Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
Tallahassee, FL 32301,2925 Par Lane #A,B,C,D
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$615,000

$619,000

0.6%
Est.Price: ?

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Est. payment /mo

8 Beds

8 Baths

3,712 SqFt


SOLD DATE : 12/20/2024

Key Details

Sold Price $615,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,712 sqft

Price per Sqft $165

Subdivision Par 4 Condominiums

MLS Listing ID 370901

Sold Date 12/20/24

Bedrooms 8

Full Baths 8

Construction Status Brick 4 Sides,Other

Year Built 1979

Lot Dimensions 158x205x152x175

Property Description

Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D.

Location

State FL

County Leon

Area Se-03

Rooms

Other Rooms Pantry, Screened Porch, Units Vary

Interior

Heating Central, Electric

Cooling Central, Electric, Fans - Ceiling

Flooring Ceramic/Clay, Laminate, Vinyl, Units Vary

Equipment Dishwasher, Range, Refrigerator

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Living Room/Dining Room

Story Story - Two plus, Unit - Ground Floor, Unit - Upstairs

Level or Stories Story - Two plus, Unit - Ground Floor, Unit - Upstairs

Construction Status Brick 4 Sides,Other

Schools

Elementary Schools Conley Elementary

Middle Schools Fairview

High Schools Rickards

Others

Ownership North Florida Home Rental

SqFt Source Tax

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Amac Real Estate Co.
Bought with Destination Real Estate Corp
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