118 W 8th Avenue #1-7, Tallahassee, FL 32303
118 W 8th Avenue #1-7, Tallahassee, FL 32303,Video Tour
118 W 8th Avenue #1-7, Tallahassee, FL 32303
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$1,225,000
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8 Beds
8 Baths
4,966 SqFt
Active

118 W 8th Avenue #1-7 Tallahassee, FL 32303

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Chrissy Shorter-Arnold

Chrissy Shorter-Arnold

+1(866) 727-6653

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,966 sqft

Price per Sqft $246

Subdivision Lakeview Addition

MLS Listing ID 399338

Bedrooms 8

Full Baths 8

Construction Status Siding - Wood

Year Built 1979

Lot Dimensions 170x288x70x133x20x179

Property Sub-Type Multi-Family

Property Description

Sold as a package- under one parcel. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and a detached single-family home situated less than three miles from Florida State University and the Florida State Capitol. Perfectly positioned for investors seeking strong cash flow and immediate rental potential, this property represents a rare chance to secure a high-performing asset in one of Tallahassee's most desirable neighborhoods. The gross rent roll of the detached home sits at approximately $30,000/year and the long-term triplex leases sit at approximately $7,000 monthly. The detached single-family home, which makes for an ideal short-term or Airbnb rental, features two bedrooms, two full bathrooms, and a thoughtfully designed interior boasting original wood floors, great lighting throughout, and a faux fireplace situated between the living room and bedroom. The eat-in kitchen includes bar stool seating and a coffee nook, while one bathroom offers a wood-grain double vanity, intricate mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a carefully planned back deck area perfect for grilling and enjoying the outdoors. The triplexes are equally impressive, featuring dramatic vaulted ceilings with both natural wood and white-painted exposed beams, an open main floor concept, durable light-toned wood-plank flooring throughout, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been expertly handled, including newer AC units and professional tree mitigation to keep branches away from the roofs. This asset is well-positioned to deliver solid returns. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale.

Location

State FL

County Leon

Area Leon

Interior

Heating Central, Electric

Cooling Central, Electric, Fans - Ceiling, Fans - Attic

Flooring Vinyl, Wood, Units Vary, Others

Equipment Dishwasher, Disposal, Microwave, Refrig/Icemaker, Refrigerator, Security System, Wash/Dry All, Units Vary

Exterior

Parking Features Area - Unassigned, On Street

Private Pool No

Building

Lot Description Kitchen with Bar, Kitchen - Eat In, Separate Living Room, Units Vary

Story Story - One, Story - Two plus

Level or Stories Story - One, Story - Two plus

Construction Status Siding - Wood

Schools

Elementary Schools Ruediger

Middle Schools Raa

High Schools Leon

Others

Ownership Caine Properties LLC

SqFt Source Tax

Miscellaneous Cathedral/Vault/Trey,Deck,Drapes/Curtains,Furnished,Patio - Individual,Units Vary

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/ee20b68a-f798-488a-aad0-61e9fd1cd41e?wl=true&setAttribution=mls&initialViewType=pano

Listed by Armor Realty, Inc

NEARBY SCHOOLS & PROPERTIES

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Chrissy Shorter-Arnold

Chrissy Shorter-Arnold

Agent | License ID: SL3556087

+1(866) 727-6653

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118 W 8th Avenue #1-7