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1974 MIDYETTE RD #1101, 1106, 1107, 1202, 1204 Tallahassee, FL 32301
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Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,580 sqft
Price per Sqft $115
Subdivision Midyette Palms Condo
MLS Listing ID O6075296
Sold Date 03/13/23
Condo Fees $120
HOA Y/N No
Annual Recurring Fee 1440.0
Year Built 2014
Annual Tax Amount $2,008
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Multi-Family
Source Stellar MLS
Descripción de la propiedad
Investors! this is an Excellent Income producing property! Midyette Palms Condominiums, an 18-units Condo Building, each unit has 3
Bedroom/2.5 Bath. Convenient to Florida State University, Florida A & M University,
Tallahassee Community College, restaurants, and shopping. Perfect for families, students, and
investors! The subject units for sale in the building consists of only 5 three
bedroom/two and a half bathroom, with open floor plan and features one master Bedroom suite
plus two Bedrooms with private Baths. Quality finishes include LVT laminate flooring in
gathering areas, carpet in bedrooms and stairs, window blinds and full appliance package with
washer/dryer.
These five units for sale in the building are an excellent investment opportunity for a buyer
looking to acquire income producing property in the state capital, where more likely will stay
rented all year long! Midyette Palms is relatively small community that were built in 2 phases,
2010 and 2014. Each unit has been carefully crafted to include the finest finishes and top-notch
amenities! All units are currently 100% occupied with below market rental rates, giving the
buyer massive upside to raise the rental rates as soon year 2023! It's currently professionally
managed by a local management company but can be easily managed from out of state or by a
local owner.
Location
State FL
County Leon
Community Midyette Palms Condo
Area 32301 - Tallahassee
Zoning AC
Interior
Interior Features Ninguno
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Sidewalk
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Condominium
Monthly Total Fees $120
Membership Fee Required Required
Special Listing Condition None
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