NOT LISTED FOR SALE

302 Vantage Point Ln Tallahassee, FL 32301

Magnolia Neighborhood
4 Beds
4 Baths
8,832 Sq Ft
1978 Built

Sale Details

Date Sold: August 2, 2024

Last sale price $1,248,000 $141 Per Sq Ft

165 Days on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • Utility Room
  • Wood Flooring

About This Home

As of August 2024

Gray and white pictures are digital renderings of what the exterior could look like painted. Welcome to a rare investment in the heart of Tallahassee! This is a package of 4 triplex totaling 12 units. They are 4 separate parcels. This listing offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000 - $1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.

Last Agent to Sell the Property

Cole Davis

The Naumann Group Real Estate License #3357739 Listed on: 01/25/2024

The Naumann Group Real Estate

Co-Listed By

Jason Naumann

The Naumann Group Real Estate License #642623

Last Buyer's Agent

Devin Odom

Frog Real Estate Company, LLC License #3525166

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Washer

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Hartsfield Elementary School
  • Cobb Middle School
  • Leon High School

Additional Features

  • Deck
  • Lot Dimensions are 205x77x205x77
  • Central Heating and Cooling System

Community Details

  • 12 Units
  • Vantage Point Unrec Subdivision

Listing and Financial Details

  • The owner pays for insurance, repairs
  • Rent includes gardener
  • Tax Lot 12
  • Assessor Parcel Number 12073-11-31-19-000-012-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0 Sq Ft Lot

Listing Details

  • Year Built: 1978
  • Directions: Magnolia to Hays Street (West side of Magnolia), right on on Smith Street, Right on Vantage Point Ln
  • Elementary School: HARTSFIELD
  • High School: LEON
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Lot Size: 205x77x205x77
  • Appliances: Dryer, Dishwasher, Disposal, Range, Refrigerator, Washer
  • Co List Office Mls Id: 5337
  • Subdivision Name: Vantage Point Unrec
  • Owner Name: Wallenfelsz
  • Architectural Style: Two Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Parking Features: On Street
  • Reso Patio And Porch Features: Deck
  • Reso Room Type: Utility Room
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Other, Vinyl, Wood
  • Owner Pays: Insurance, Repairs

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Frame
  • Exterior Features: Deck

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener

Schools

  • Middle Or Junior School: COBB

Lot Info

  • Parcel Number: 12073-11-31-19-000-012-0

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Block: -
  • Tax Lot: 12

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Magnolia, FL

  • Bonnie Scott-Walls Real Estate Agent - Coldwell Banker Hartung

    Bonnie Scott-Walls

    Coldwell Banker Hartung

    (850) 518-6997

    113 Total Sales

    2 in Magnolia

    $251K - $383K Price Range

    Bonnie Scott-Walls
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  • Dana Salley Real Estate Agent - J. D. Salley & Associates, Inc

    Dana Salley

    J. D. Salley & Associates, Inc

    (850) 900-3302

    69 Total Sales

    1 in Magnolia

    $215,000 Price

    Dana Salley
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  • George Dusoe Real Estate Agent - Millenia Realty of Florida

    George Dusoe

    Millenia Realty of Florida

    (850) 404-7742

    100 Total Sales

    1 in Magnolia

    $100,000 Price

    George Dusoe
     Section Image
  • Danya Wilson Real Estate Agent - Superior Realty Group LLC

    Danya Wilson

    Responds Quickly

    Superior Realty Group LLC

    (850) 788-7688

    161 Total Sales

    2 in Magnolia

    $525K - $557K Price Range

    Danya Wilson
     Section Image
  • Carmen Moloney Real Estate Agent - McClellan Realty, LLC

    Carmen Moloney

    McClellan Realty, LLC

    (850) 518-7318

    79 Total Sales

    1 in Magnolia

    $224,020 Price

    Carmen Moloney
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  • Kenley Stringer Real Estate Agent - Keller Williams Town & Country

    Kenley Stringer

    Keller Williams Town & Country

    (850) 848-4048

    268 Total Sales

    1 in Magnolia

    $257,000 Price

    Kenley Stringer
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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
08/02/2024 08/02/24 Sold $1,248,000 -23.2% $141 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $1,625,000 -- $184 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Agents Affiliated with this Home

  • Cole Davis Real Estate Agent - The Naumann Group

    Seller's Agent in 2024

    Cole Davis

    The Naumann Group

    (850) 545-2111

    7 in this area

    200 Total Sales

    Cole Davis
    Section Image
  • Jason Naumann Real Estate Agent - The Naumann Group

    Seller Co-Listing Agent in 2024

    Jason Naumann

    The Naumann Group

    (850) 933-0328

    5 in this area

    223 Total Sales

    Jason Naumann
    Section Image

  • D

    Buyer's Agent in 2024

    Devin Odom

    Frog Real Estate Company, LLC

    (850) 212-2673

    6 in this area

    49 Total Sales

    Devin Odom
    Section Image
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Map

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

MLS Number: 367831

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
Florida Leon County Tallahassee 32301 Magnolia

302 Vantage Point Ln, 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.

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