Tallahassee, FL 32301,1974 MIDYETTE RD #1101,1106,1107,1202,1204
Listed by Moshe Sheffi HPL REALTY INVESTMENTS
Bought with George Dusoe MILLENIA REALTY OF FLORIDA

$875,000

Est. payment /mo

$900,000

2.8%
Est.Price: ?

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1974 MIDYETTE RD #1101, 1106, 1107, 1202, 1204 Tallahassee, FL 32301

7,580 SqFt

SOLD DATE : 03/13/2023

Key Details

Sold Price $875,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,580 sqft

Price per Sqft $115

Subdivision Midyette Palms Condo

MLS Listing ID O6075296

Condo Fees $120

Year Built 2014

Annual Tax Amount $2,008

Lot Size 1,742 Sqft

Property Sub-Type Multi-Family

New Construction false

Property Description

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.

Location

State FL

County Leon

Community Midyette Palms Condo

Area 32301 - Tallahassee

Zoning AC

Interior

Heating Central

Cooling Central Air

Exterior

Exterior Feature Sidewalk

Utilities Available Public

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Monthly Total Fees $120

Special Listing Condition None

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Stellar MLS
Sharon & Michael Bennett

Sharon & Michael Bennett

Broker Associate

+1(352) 585-6597

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