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Melissa Montalvo

melissa.montalvo@engelvoelkers.com +1(850) 556-3928

$ 450,000

Est. payment -/mo

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2510 Fred Smith Road #- Tallahassee, FL 32303

7 Beds

5 Baths

3,207 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,207 sqft

Price per Sqft $140

Subdivision Lake Jackson Farms

MLS Listing ID 405685

Bedrooms 7

Full Baths 5

Construction Status Concrete Block,Stucco

Property Sub-Type Multi-Family

Property Description

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existing income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

Location

State FL

County Leon

Area Leon

Rooms

Other Rooms Utility Room - Inside

Interior

Heating Central

Cooling Central

Flooring Vinyl Tile, Vinyl

Equipment Dishwasher, Range, Refrig/Icemaker

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Living Room/Dining Room

Story Story - One

Level or Stories Story - One

Construction Status Concrete Block,Stucco

Schools

Elementary Schools Ruediger

Middle Schools Griffin

High Schools Leon

Others

SqFt Source Other

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Listed by Realty One Group Next Gen

NEARBY SCHOOLS & PROPERTIES

Melissa Montalvo

Advisor License ID: SL3479200

+1(850) 556-3928

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