NOT LISTED FOR SALE

1974 Midyette Rd Unit 1101,1106,1107,1202, Tallahassee, FL 32301

Old Saint Augustine Neighborhood
-- Bed
-- Bath
7,580 Sq Ft
$120/mo HOA Fee

Last Sold March 13, 2023

Last sale price $875,000 $115 Per Sq Ft

83 Days on Market

About This Home

As of March 2023

Investors! this is an Excellent Income producing property! Midyette Palms Condominiums, an 18-units Condo Building, each unit has 3
Bedroom/2.5 Bath. Convenient to Florida State University, Florida A & M University,
Tallahassee Community College, restaurants, and shopping. Perfect for families, students, and
investors! The subject units for sale in the building consists of only 5 three
bedroom/two and a half bathroom, with open floor plan and features one master Bedroom suite
plus two Bedrooms with private Baths. Quality finishes include LVT laminate flooring in
gathering areas, carpet in bedrooms and stairs, window blinds and full appliance package with
washer/dryer.
These five units for sale in the building are an excellent investment opportunity for a buyer
looking to acquire income producing property in the state capital, where more likely will stay
rented all year long! Midyette Palms is relatively small community that were built in 2 phases,
2010 and 2014. Each unit has been carefully crafted to include the finest finishes and top-notch
amenities! All units are currently 100% occupied with below market rental rates, giving the
buyer massive upside to raise the rental rates as soon year 2023! It’s currently professionally
managed by a local management company but can be easily managed from out of state or by a
local owner.

Last Agent to Sell the Property

Moshe Sheffi

HPL REALTY INVESTMENTS License #3172380 Listed on: 11/30/2022

Last Buyer's Agent

George Dusoe

License #3117546

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,008

Year Built

  • Built in 2014

Lot Details

  • 1,742

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • 7,580 Sq Ft Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 002 / 2
  • Assessor Parcel Number 31-04-08-002-110.1

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Midyette Palms Condo Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $79,500

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,008

Year Built

Built in 2014

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 7580
  • Lot Size Acres: 0.04
  • New Construction: No
  • Year Built: 2014
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 1667
  • Tenant Pays: Electricity
  • Directions to Property: From south on Old St Augustine RD, R on R On Midyette rd, Building on your right.
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97222
  • Price per Sq Ft: 115.44
  • Close to Original List Price Ratio: 0.97222
  • View: No
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ninguno
  • Foundation Details: Slab
  • Street Number Modifier: 1974
  • Number Of Buildings: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12073C0311F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Name: xxx
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 120
  • Condo Fees Term: Monthly
  • Monthly Condo Fee Amount: 120
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1440
  • Total Monthly Fees: 120

Lot Info

  • Zoning: AC
  • Parcel Number: 31-04-08-002-110.1
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Flood Zone Date: 2009-08-18
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Gross Income: 79500
  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2008
  • Tax Block: 2
  • Tax Book Number: 4044/2038
  • Tax Lot: 002

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $875,000 0.0% $115 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
02/20/2023 02/20/23 Off Market $875,000 -- --
11/30/2022 11/30/22 For Sale $900,000 -- $119 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6075296

Stellar MLS