2925 Par Ln, TALLAHASSEE, FL 32301 Homes for Sale

For Sale

$619,000

• 8 beds
• 8 baths
• 3712 Sq Ft

2925 Par Lane,
TALLAHASSEE, FL, 32301

Latitude 30.413665 - Longitude -84.246538

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Overview

Listing Status Active

MLS 370901

Property Type

Multi Family

Year built

1979

Total rooms

8

Lot size

0 Acres

Time on NeighborWho

-

Stories

-

Price per Sq Ft

$167

Parking

0e0 car garage

Basement

-

About 2925 Par Lane, TALLAHASSEE, FL

Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller... possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D. Read more

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