NOT LISTED FOR SALE

Estimated Value: $540,668 - $624,000

8 Beds
8 Baths
3,848 Sq Ft
$148/Sq Ft Est. Value

Sale Details

Date Sold: June 26, 2023

Last sale price $512,500 $133 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,653 / mo

40 Days on Market

Highlights

  • Deck
  • Patio
  • Central Heating and Cooling System
  • Fireplace
  • Outdoor Storage
  • Vinyl Flooring

About This Home

As of June 2023

This amazing opportunity, is turnkey and has room to raise rents with little effort between $200-$400 per unit per month! The Awesome Quadraplex is an amazing investment property that offers a great return on investment. It is a four-unit building located in a desirable area, next to golf course with easy access to amenities and transportation. This is a great opportunity for investors looking to diversify their portfolio and generate passive income. The Quadraplex is a well-maintained building with four separate units. Each unit has two bedrooms and two bathroom, making it ideal for the Tallahassee rental market. The units are spacious and have been recently renovated, making them attractive to potential tenants. Renters love this area, super easy to rent when dealing with tenant turnover. This property features new roof, newer AC's, Newer Water Heaters! It is close to shopping centers, restaurants, parks, state offices and other attractions. This makes it an ideal location for tenants who want to be close to all the action. Additionally, Darryl drive is located not to far from the two major universities & downtown. making it easy for tenants to commute to work or school. The Quadraplex offers investors a great return on investment. The rental income from the four units can provide a steady stream of passive income. Currently, the property is already producing $3955 gross monthly! Additionally, this property comes with a great value add benefit of having below average rents for the area. This quadraplex also offers investors the opportunity to increase their rental income by raising rents between $200-$400 per unit with little to now effort. Your monthly potential could be $4800-5,600 per month! This awesome quadraplex is an excellent investment opportunity that should not be overlooked!

Last Agent to Sell the Property

Jules Straker

Optimizing CRE LLC License #3554305 Listed on: 05/03/2023

Last Buyer's Agent

Erik Seise

Bevis Realty License #3408489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,770

Year Built

  • Built in 1983

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Vinyl Flooring

Kitchen

  • Range
  • Dishwasher

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Schools

  • Hartsfield Elementary School
  • Fairview Middle School
  • Rickards High School

Additional Features

  • Lot Dimensions are 100x75x100x75
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $11
  • The owner pays for insurance, repairs, taxes, trash collection
  • Rent includes all utilities
  • Tax Block B

Community Details

Overview

  • 4 Units
  • Jacks Area Subdivision

Building Details

  • Gross Income $3,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,770

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1983
  • Directions: apalachee right on paul russell, right on Darryl
  • Elementary School: HARTSFIELD
  • High School: RICKARDS
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Lot Size: 100x75x100x75
  • Appliances: Dishwasher, Range, Refrigerator
  • Subdivision Name: jacks area
  • Owner Name: Tyagi
  • Architectural Style: One Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: Yes
  • Reso Parking Features: Assigned, Parking Space(s)
  • Reso Patio And Porch Features: Deck, Patio
  • Building Stories: 1
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Clay, Ceramic Tile, Vinyl
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Deck, Storage

Utilities

  • Heating: Central, Electric, Wood
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Rent Includes: All Utilities

Schools

  • Middle Or Junior School: FAIRVIEW

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Gross Income: 3955.0
  • Number Of Units Total: 4
  • Total Actual Rent: 11.0

Tax Info

  • Tax Annual Amount: 3770.0
  • Tax Block: B
  • Tax Lot: -

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 23, 2023
Sold by
Bought by
Seller's Agent
Jules Straker
Optimizing CRE LLC
Buyer's Agent
Erik Seise
Bevis Realty
List Price
$529,000
Sold Price
$512,500
Premium/Discount to List
-$16,500
-3.12%
Views
29
Current Estimated Value
$569,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,667
Avg. Annual Appreciation
3.46%
Original Mortgage
$300,000
Interest Rate
0.0725%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jul 5, 2017
Sold by
Bought by
Buyer's Agent
Erica Stallings
KILLEARN SALES CENTER,
List Price
$250,000
Sold Price
$232,000
Premium/Discount to List
-$18,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.17%
Original Mortgage
$172,500
Interest Rate
0.0395%
Mortgage Type
Construction

Purchase Details

Closed on
May 19, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$512,500 Hayward Title Group
$232,000 Attorney
$146,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $172,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2023 06/26/23 Sold $512,500 -3.1% $133 / Sq Ft
05/04/2023 05/04/23 For Sale $529,000 +128.0% $137 / Sq Ft
07/05/2017 07/05/17 Sold $232,000 -7.2% $60 / Sq Ft View Prior Sale
03/15/2017 03/15/17 For Sale $250,000 -- $65 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,619 $344,647 $80,000 $264,647
2024 $6,232 $323,921 $80,000 $243,921
2023 $4,475 $216,307 $0 $0
2022 $3,771 $210,803 $50,000 $160,803
2021 $3,431 $178,766 $40,000 $138,766
2020 $3,380 $178,769 $40,000 $138,769
2019 $3,292 $172,213 $40,000 $132,213
2018 $3,179 $164,786 $40,000 $124,786
2017 $3,170 $162,358 $0 $0
2016 $3,146 $158,862 $0 $0
2015 $3,070 $155,498 $0 $0
2014 $3,070 $153,957 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

MLS Number: 358341

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

APN: 31-05-53-00A-007.0

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