NOT LISTED FOR SALE

1915 Darryl Dr Tallahassee, FL 32301

Old Saint Augustine Neighborhood

Estimated Value: $521,347 - $617,000

8 Beds
8 Baths
3,848 Sq Ft
$147/Sq Ft Est. Value

Sale Details

Date Sold: June 26, 2023

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

Est. 10% increase in value since last sale

Current estimated payment $3,528 / mo

40 Days on Market

Highlights

  • Deck
  • Galley Kitchen
  • Patio
  • Ground Level Unit
  • Breakfast Bar
  • Shed

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

Year Built

  • Built in 1983

Lot Details

  • 9,148

Parking

  • Assigned Parking

Home Design

  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 3,848 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family or Dining Combination

Kitchen

  • Galley Kitchen
  • Breakfast Bar
  • Range
  • Dishwasher

Flooring

  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

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

Additional Features

  • Ground Level Unit
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for all utilities
  • Tax Block B

Community Details

Overview

  • Jacks Area Subdivision

Building Details

  • Gross Income $3,955
  • Net Operating Income $41,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Sold Price Per Sq Ft: 133.19
  • Subdivision: jacks area
  • Tax Item Number: 31-05-53-A-007-0
  • Type: Multi-Family
  • Miscellaneous Items: Deck, Patio - Individual, Storage Shed
  • L V T Date: 05/03/2023
  • Street Designation: Drive
  • Total Sq Ft: 3848
  • Year Built: 1983
  • Directions: apalachee right on paul russell, right on Darryl
  • Elementary School: HARTSFIELD
  • Geo Longitude: -84.245227
  • High School: RICKARDS
  • Middle School: FAIRVIEW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic/Clay, Vinyl
  • Equipment: Dishwasher, Range, Refrigerator
  • Fireplace: Yes
  • Floor Plan: Story - One, Unit - Ground Floor, Unit - Upstairs
  • Living Area Description: Family Room/Dining Room, Kitchen with Bar, Kitchen - Galley

Exterior Features

  • Construction: Brick 1 or 2 Sides, Siding - Vinyl

Garage/Parking

  • Parking: Assigned Spaces

Utilities

  • Heating: Central, Electric, Fireplace - Wood
  • Cooling: Central, Electric, Fans - Ceiling

Lot Info

  • Lot Dimensions: 100x75x100x75
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: All Utilities

Multi Family

  • Capitalization Rate: 7.7
  • Gross Income: 3955
  • Gross Rent Multiplier: 11
  • Net Income: 41000
  • Operating Exp Accuracy: Broker Pro Forma
  • Owners Expenses: Insurance, Maintenance/Repairs, Taxes, Trash/Garbage
  • Units: 4

Tax Info

  • Taxes: 3770

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 23, 2023
Sold by
Coumar Subbaiah Sendil and Coumar Sandeep Tyagi
Bought by
Nlava Llc
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
$565,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,587
Avg. Annual Appreciation
3.52%
Original Mortgage
$300,000
Outstanding Balance
$292,607
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$272,480

Purchase Details

Listed on
Mar 15, 2017
Closed on
Jul 5, 2017
Sold by
Mantooth Herbert C
Bought by
Subbaiah Sendil Coumar and Tyagi Sandeep
Seller's Agent
Joan Raley
Joan H. Raley, Realtor
Buyer's Agent
Malcolm Davis
Broger Real Estate Services
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
3.95%
Mortgage Type
Construction

Purchase Details

Closed on
May 19, 1997
Sold by
Gardner Charles R and Shelfer James O
Bought by
Mantooth Herbert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
8.18%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nlava Llc $512,500 Hayward Title Group
Subbaiah Sendil Coumar $232,000 Attorney
Mantooth Herbert C $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nlava Llc $300,000
Previous Owner Subbaiah Sendil Coumar $172,500
Previous Owner Mantooth Herbert C $14,000
Source: Public Records

Property History

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

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

  • Jules Straker

    Seller's Agent in 2023

    Jules Straker

    Optimizing CRE LLC

    (850) 841-0097

    1 in this area

    14 Total Sales

    Jules Straker
    Section Image
  • Erik Seise

    Buyer's Agent in 2023

    Erik Seise

    Bevis Realty

    (904) 403-8938

    2 in this area

    56 Total Sales

    Erik Seise
    Section Image
  • Joan Raley

    Seller's Agent in 2017

    Joan Raley

    Joan H. Raley, Realtor

    (850) 545-9390

    1 in this area

    68 Total Sales

    Joan Raley
    Section Image

  • M

    Buyer's Agent in 2017

    Malcolm Davis

    Broger Real Estate Services

    (850) 345-7880

    1 Total Sale

    Malcolm Davis
    Section Image
See All Agents

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

Florida Leon County Tallahassee 32301 Old Saint Augustine

1915 Darryl Dr, Tallahassee, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.