NOT LISTED FOR SALE

Estimated Value: $171,000 - $1,745,000

12 Beds
9 Baths
27,060 Sq Ft
$21/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $2,850,000 $105 Per Sq Ft

Current estimated payment $3,572/month

233 Days on Market

Highlights

  • Fireplace
  • Ceiling Fan
  • Washer and Dryer
  • Central Heating and Cooling System

About This Home

As of July 2021

ATTENTION INVESTORS! Bulk sale of 29 properties with 30 units total. 14 single family homes, 14 townhouses and 1 duplex (30 doors total). These properties are 100% occupied with leases in place. Total gross annual rent is $335,880. 7.19% ROI. Properties have been updated and are all very well maintained. Complete Investor packet with property addresses, lease info, expense info, property info, age of roof/HVAC units, and a Cash Flow/R.O.I. Analysis is available upon request. Pictures of all properties also available upon request.

Last Agent to Sell the Property

Robert Nahoom

Amac Real Estate Co. License #3184755 Listed on: 11/22/2020

Last Buyer's Agent

Robert Nahoom

Amac Real Estate Co. License #3184755 Listed on: 11/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,107

Year Built

  • 1989

Lot Details

  • 8,276

HOA Fees

  • $139 Monthly HOA Fees

Interior Spaces

  • 27,060 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Schools

  • Riley Elementary School
  • NIMS Middle School
  • Rickards High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Renegade Village, And Others Subdivision

Building Details

  • Gross Income $335,880
  • Net Operating Income $222,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,107

Year Built

1989

Lot Details

0

HOA Fees

$139 per month

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Sold Price Per Sq Ft: 105.32
  • Subdivision: Renegade Village, and others
  • Tax Item Number: 212185 C0036, et. al.
  • Type: Multi-Family
  • Miscellaneous Items: Units Vary
  • L V T Date: 11/09/2020
  • Total Sq Ft: 27060
  • Directions: 29 different properties. See MLS associated Docs for complete list of properties.
  • Elementary School: RILEY
  • Geo Longitude: -84.317171
  • High School: RICKARDS
  • Middle School: NIMS
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1989

Interior Features

  • Flooring: Units Vary
  • Equipment: Dishwasher, Disposal, Microwave, Range, Refrig/Icemaker, Refrigerator, Smoke Detector, Wash/Dry All, Units Vary
  • Fireplace: Yes
  • Floor Plan: Story - One, Story - Two plus
  • Living Area Description: Units Vary
  • Other Rooms: Units Vary

Exterior Features

  • Construction: Units Vary

Garage/Parking

  • Parking: Units Vary

Utilities

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

Condo/Co-op/Association

  • Home Owner Feeannual: 1664

Schools

  • Elementary School: RILEY
  • Middle School: NIMS
  • High School: RICKARDS

Lot Info

  • Lot Dimensions: 63x130x63x130
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year, Month To Month, Units Vary

Multi Family

  • Capitalization Rate: 7.19
  • Expenses: 113546
  • Gross Income: 335880
  • Gross Rent Multiplier: 8.96
  • Net Income: 222234
  • Operating Exp Accuracy: Broker Pro Forma
  • Owners Expenses: Insurance, Maintenance/Repairs, Management, Taxes
  • Units: 30

Tax Info

  • Taxes: 34420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2016
Sold by
Ellis Barry J
Bought by
Taproot Group Llc
Total Days on Market
233
Current Estimated Value
$580,190
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Taproot Group Llc $59,700 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tallahassee Signature Properties Llc $4,800,000
Previous Owner Ellis Barry J $38,865
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $2,850,000 -5.0% $105 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $2,999,900 +5.3% $111 / Sq Ft
05/14/2021 05/14/21 Off Market $2,850,000 -- --
02/09/2021 02/09/21 Price Changed $2,999,900 -1.6% $111 / Sq Ft
11/23/2020 11/23/20 For Sale $3,050,000 -- $113 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $2,107 $111,103 $25,000 $86,103
2023 $1,964 $99,006 $0 $0
2022 $1,691 $90,005 $14,000 $76,005
2021 $1,526 $79,579 $14,000 $65,579
2020 $1,367 $72,272 $14,000 $58,272
2019 $1,317 $68,924 $14,000 $54,924
2018 $1,241 $64,330 $12,000 $52,330
2017 $1,194 $61,171 $0 $0
2016 $1,228 $62,015 $0 $0
2015 $1,171 $60,379 $0 $0
2014 $1,171 $58,733 $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: 325487

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

APN: 41-03-10-000-036.0