413 E 7th Ave - Midtown Quadraplex, Price Reduced!!
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413 E 7th Ave - Midtown Quadraplex, Price Reduced!!
4,256 SF Specialty Building Offered at $725,000 at a 8.20% Cap Rate in Tallahassee, FL 32303
Executive Summary
Midtown Quadraplex, very walkable to Midtown food and entertainment. Signature location on 7th Avenue just east of Thomasville Rd. Well maintained, great historical rent roll. Property is comprised of 4 2-bedroom, 1-bath units. Rents are below market.
Property Facts
| Price | $725,000 | Building Class | C |
| Price Per SF | $170 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,256 SF |
| Cap Rate | 8.20% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1969/2015 |
| Property Subtype | Residential Income | Parking Ratio | 1.41/1,000 SF |
| Price | $725,000 |
| Price Per SF | $170 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,256 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2015 |
| Parking Ratio | 1.41/1,000 SF |
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Walk Score®
Very Walkable (77)
zoning
| Zoning Code | RP-2 (RP-2 zoning) |
| RP-2 (RP-2 zoning) |
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413 E 7th Ave - Midtown Quadraplex, Price Reduced!!
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