1223 Cleveland Street #1-2, Tallahassee, FL 32310
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1223 Cleveland Street #1-2, Tallahassee, FL 32310
1223 Cleveland Street #1-2, Tallahassee, FL 32310
1223 Cleveland Street #1-2, Tallahassee, FL 32310
1223 Cleveland Street #1-2, Tallahassee, FL 32310
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Kelsey Lohman

Kelsey Lohman

+1(850) 556-2130
$ 375,000
Est. payment /mo
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1223 Cleveland Street #1-2 Tallahassee, FL 32310

6 Beds

5 Baths

2,680 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,680 sqft

Price per Sqft $139

MLS Listing ID 406425

Bedrooms 6

Full Baths 4

Half Baths 2

Construction Status Brick 1 or 2 Sides,Siding - Fiber Cement

Year Built 2006

Property Sub-Type Multi-Family

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!

Location

State FL

County Leon

Area Leon

Interior

Heating Central, Electric

Cooling Central, Electric, Fans - Ceiling

Flooring Laminate, Others

Equipment Dishwasher, Microwave, Range, Refrigerator

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Kitchen - Eat In, Living Room/Dining Room

Story Story - One

Level or Stories Story - One

Construction Status Brick 1 or 2 Sides,Siding - Fiber Cement

Schools

Elementary Schools Bond

Middle Schools Nims

High Schools Leon

Others

Ownership Wang

SqFt Source Tax

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Superior Realty Group LLC
Kelsey Lohman

Kelsey Lohman

Broker/Owner License ID: BK3397497

+1(850) 556-2130

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1223 Cleveland Street #1-2