755 W 4Th Avenue #- new Save Request In-Person Tour Request Virtual Tour
Tallahassee,FL 32304
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,235 sqft
Price per Sqft $129
Subdivision Harlem
MLS Listing ID 392581
Bedrooms 4
Full Baths 2
Construction Status Concrete Block
Year Built 1966
Lot Dimensions 130X60X130X60
Property Sub-Type Multi-Family
Property Description
DUPLEX WITH CASH FLOW & VALUE-ADD OPPORTUNITY! Spacious 2BR/1BA Duplex in Prime Tallahassee Rental Market 755 W 4th Ave & 759 W 4th Ave, Tallahassee, FL PROPERTY OVERVIEW: An exceptional investment opportunity to acquire a well-maintained duplex featuring two (2) spacious 2-Bedroom, 1-Bathroom units. The highly sought-after 2/1 layout appeals to a wider tenant pool—including students sharing a unit and small families—driving high rental demand. This property is perfectly positioned for both immediate cash flow and substantial long-term value appreciation. INVESTMENT HIGHLIGHTS: Superior Unit Mix: The two 2-Bedroom, 1-Bathroom units are a significant advantage in the local market, commanding higher rents and attracting a more stable tenant base than 1-bedroom units. Exceptional Core Structure: The exterior and foundation of this duplex are in very good structural condition (Concrete Block construction, built in 1966), offering an investor peace of mind and significantly reduced immediate capital expenditure on major systems. Massive Value-Add Potential: The interiors are currently in decent, rentable condition, but are poised for a significant income boost. Light cosmetic updates (flooring, paint, kitchen/bath refresh) will allow the new owner to substantially raise rental rates and dramatically increase the property's overall cash-on-cash return and equity position. Strong Location Drivers: Situated near major employment and student hubs, the property benefits from consistent rental demand driven by Florida State University (FSU), Florida A&M University (FAMU), and the proximity to Downtown Tallahassee and the State Capitol complex. PROPERTY DETAILS: Units: Two (2) separate units: 755 W 4th Ave & 759 W 4th Ave Unit Mix: 2 Bed / 1 Bath per unit (Total: 4 Beds / 2 Baths) Construction: Durable Concrete Block Condition: Excellent exterior structure, decent interior condition with proven rental history. Upside: Opportunity to perform a staggered unit renovation (as leases expire) to immediately capture higher market rents. Whether you are a seasoned investor looking to add a stable, high-yield asset to your portfolio or a new investor seeking a prime opportunity to jump into the robust Tallahassee rental market, this duplex is a must-see. Do not miss the chance to secure a solid structure with significant income potential in a continuously growing Florida city.
Location
State FL
County Leon
Area Ne-01
Interior
Heating Electric,Units Vary
Cooling Window/Wall
Flooring Slab,Vinyl Tile
Equipment Range,Refrigerator,Units Vary
Exterior
Parking Features Area - Unassigned
Private Pool No
Building
Lot Description Family Room/Dining Room,Kitchen - Eat In
Story Story - One
Level or Stories Story - One
Construction Status Concrete Block
Schools
Elementary Schools Riley
Middle Schools Griffin
High Schools Leon
Others
Ownership Brittany Oneil & John M O
SqFt Source Tax
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private