1320 Terrace Street, Tallahassee, FL 32303
1320 Terrace Street, Tallahassee, FL 32303
1320 Terrace Street, Tallahassee, FL 32303
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$795,000
Est. payment /mo
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5 Beds
3 Baths
2,522 SqFt
New

1320 Terrace Street Tallahassee, FL 32303

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Chrissy Shorter-Arnold

Chrissy Shorter-Arnold

+1(866) 727-6653

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Key Details

Property Type Single Family Home

Sub Type Detached Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,522 sqft

Price per Sqft $315

Subdivision Lafayette Park

MLS Listing ID 406035

Style Colonial,Traditional/Classical,Cottage,Farmhouse

Bedrooms 5

Full Baths 3

Construction Status Siding-Wood,Crawl Space

Year Built 1937

Lot Size 0.320 Acres

Lot Dimensions 185 x 75

Property Sub-Type Detached Single Family

Property Description

RARE MIDTOWN/LAFAYETTE PARK INVESTMENT OPPORTUNITY! TWO RESIDENCES • PROVEN RENTAL HISTORY • FULLY FURNISHED & TURNKEY! Exceptional opportunity to own TWO residences on one beautifully landscaped, both fully fenced parcel in desirable Midtown/Lafayette Park! Featuring THREE YEARS OF CONSISTENT RENTAL RATES totaling $5,350 monthly ($64,200 annualized), representing an attractive 8.1% GROSS RENTAL YIELD at the $795,000 asking price, before expenses. Ideal for investors, FSU parents purchasing housing for their college students, medical professionals, executive housing, or multigenerational living. PRIME LOCATION — JUST FIVE BLOCKS FROM TALLAHASSEE MEMORIAL HOSPITAL! A straight walk along East 7th Avenue to TMH, the clinical anchor of the expanding FSU Health academic medical system. An outstanding location for furnished rentals catering to physicians, traveling nurses, medical residents, visiting faculty and other healthcare professionals. Convenient to Midtown restaurants and shopping, downtown, the State Capitol, Leon High School, FSU and FAMU. The beautifully updated main residence at 1320 Terrace Street offers 4 bedrooms and 2 baths, or 3 bedrooms plus an office. Features include refinished hardwood floors, recessed LED lighting, a gas fireplace and an impressive chef's kitchen with granite countertops, marble subway-tile backsplash, a 48-inch professional gas range with dual ovens and a 184-bottle Marvel wine cooler. Extensive improvements include a NEW ROOF, new refrigerator, updated electrical wiring and panel, and a Rinnai tankless gas water heater. The charming detached 1-bedroom, 1-bath cottage at 731 E. 7th Avenue features its own street address, separate electric meter, open living area, hardwood and tile floors, generous closets, built-in storage and NEW HVAC. French doors open to a private brick patio and tropical backyard. A detached laundry and storage building includes a washer and dryer. SOLD FULLY FURNISHED & TURNKEY! Both residences include furnishings, appliances, televisions, microwaves, washers and dryers, offering an exceptional opportunity for investors seeking furnished or traditional rental properties without the expense of furnishing two separate homes. TWO ADDRESSES • TWO RESIDENCES • THREE YEARS OF CONSISTENT RENTAL RATES • WALKING DISTANCE TO TMH • ONE EXCEPTIONAL INVESTMENT OPPORTUNITY!

Location

State FL

County Leon

Area Leon

Rooms

Family Room 15x15

Other Rooms Porch - Covered, Study/Office

Master Bedroom 13x15

Bedroom 2 13x12

Bedroom 3 13x10

Bedroom 4 13x16

Bedroom 5 17x12

Living Room 18x16

Dining Room 13x16 13x16

Kitchen 18x13 18x13

Family Room 15x15

Interior

Heating Electric, Fireplace - Gas, Natural Gas

Cooling Central, Fans - Attic, Fans - Ceiling, Natural Gas

Flooring Tile, Hardwood

Equipment Dishwasher, Disposal, Dryer, Microwave, Oven(s), Refrigerator w/Ice, Washer, Stove

Exterior

Exterior Feature Colonial, Traditional/Classical, Cottage, Farmhouse

Parking Features Carport - 2 Car

Utilities Available Electric, Tankless

View None

Road Frontage Curb & Gutters, Paved, Street Lights

Private Pool No

Building

Lot Description Great Room, Kitchen with Bar, Kitchen - Eat In, Combo Living Rm/DiningRm, Separate Dining Room, Separate Living Room

Story Story - One, Bedroom - Split Plan

Level or Stories Story - One, Bedroom - Split Plan

Construction Status Siding-Wood,Crawl Space

Schools

Elementary Schools Kate Sullivan Elementary

Middle Schools Cobb

High Schools Leon

Others

HOA Fee Include None

Ownership Broker / Owner

SqFt Source Tax

Miscellaneous 9 + Foot Ceilings,Deck,Fenced,Patio,Survey,Public Sewer

Acceptable Financing Conventional, FHA, VA

Listing Terms Conventional, FHA, VA

Listed by Zon 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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1320 Terrace Street