1223 Cleveland Street, Unit 1
Property Description
PRIME MULTIFAMILY INVESTMENT OPPORTUNITY NEAR FAMU & FSU! Conveniently located near both university campuses, downtown Tallahassee, FAMU Way, and the Gaines Street and Railroad Square districts, this 2,680-square-foot duplex offers an excellent combination of location, rental income, and investment potential. Each spacious, single-story unit features 3 bedrooms, 2.5 bathrooms, approximately 1,340 square feet of living space, and separately metered utilities paid directly by the tenants. Unit 2 is currently occupied at $1,350 per month with a lease through March 31, 2027, providing immediate rental income. Unit 1 is vacant and was previously rented for $1,450 per month, offering an opportunity to secure an additional tenant or explore owner occupancy. Based on the current rent and Unit 1's previous rental rate, the property offers potential gross rental income of $2,800 per month, or $33,600 annually, subject to occupancy and rental terms. Located near Florida A&M University, Florida State University, the State Capitol, Cascades Park, shopping, dining, and entertainment. Whether you're expanding your investment portfolio or seeking a multifamily property with flexible occupancy options, this is an opportunity worth exploring. Schedule your showing today!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $375,000 |
| No. of Units: | 2 |
| Year Built: | 2006 |
| Opportunity Zone: | No |
| Price per unit: | $187,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 6 |
ID: 3yd-TBRFL-406425
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
409 E Vermilion Street
Abbeville, LouisianaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout