2555 Chateau Lane #1
Tallahassee, FL 32311

2555 Chateau Lane, Tallahassee, FL 32301 is a great opportunity to acquire a value-add quadraplex. This property is located in a desirable area of Tallahassee, close to shopping, restaurants, and entertainment. The property consists of four units, each with two bedrooms and one bathroom. The units are all currently rented and generating income. Currently producing $4175 gross income monthly, and over $50k annually! The property has been well maintained and is in good condition. The exterior of the building is low maintenance vinyl siding and the 2014 roof is in great condition. The interior of the 2 units have been recently updated with new flooring, paint, and some appliances. Each unit has its own washer and dryer hookups. The property also has a large side yard with plenty of room for outdoor activities.The location of this property makes it an ideal investment opportunity. It is an attractive option for students or young professionals looking for affordable housing in the area. Additionally, the property is located in a middle class single family neighborhood.The current owner has done a great job maintaining the property and keeping it up to date. This makes it an ideal opportunity for an investor looking to acquire a value-add quadraplex. With simply raising the rents to market. With some minor renovations and updates, this property could be transformed into a highly desirable rental property that could generate significant returns on investment. Market Area rents are $1300-1400. This property is currently has professional management, so are tenant already are used to paying online and submitting maintenance request through a tenant portal. easy management even from a distance.