This amazing opportunity, is turnkey and has room to raise rents with little effort between $200-$400 per unit per month! The Awesome Quadraplex is an amazing investment property that offers a great return on investment. It is a four-unit building located in a desirable area, next to golf course with easy access to amenities and transportation. This is a great opportunity for investors looking to diversify their portfolio and generate passive income. The Quadraplex is a well-maintained building with four separate units. Each unit has two bedrooms and two bathroom, making it ideal for the Tallahassee rental market. The units are spacious and have been recently renovated, making them attractive to potential tenants. Renters love this area, super easy to rent when dealing with tenant turnover. This property features new roof, newer AC's, Newer Water Heaters! It is close to shopping centers, restaurants, parks, state offices and other attractions. This makes it an ideal location for tenants who want to be close to all the action. Additionally, Darryl drive is located not to far from the two major universities & downtown. making it easy for tenants to commute to work or school. The Quadraplex offers investors a great return on investment. The rental income from the four units can provide a steady stream of passive income. Currently, the property is already producing $3955 gross monthly! Additionally, this property comes with a great value add benefit of having below average rents for the area. This quadraplex also offers investors the opportunity to increase their rental income by raising rents between $200-$400 per unit with little to now effort. Your monthly potential could be $4800-5,600 per month! This awesome quadraplex is an excellent investment opportunity that should not be overlooked!
Single Family, Multi-Family, 1 Story
3,848 sq. ft
- Ceramic Tile, Vinyl, Clay
- Central Air, Electric, Ceiling Fan(s)
- Electric Heating, Wood. Central.
Exterior / Lot Features
- 0 Covered Parking Spaces. Assigned,Parking Space(s).
- Brick, Vinyl
- Lot Dimensions
- Additional Exterior/Lot Features
Conventional, FHA, VA Loan
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Active Market Trends
Median list price
Days On Market
Properties For Sale
Sold Market Trends
Median sold price
Median Sq. Ft. Price