Last Sold Price
6,426 sqft$59/sqft
271 Bermuda Rd, Tallahassee, FL 32312

Description

Calling all investors! Rental complex for sale in a high demand rental area! This complex is excellently located with quick access to Market Square, the Center of Tallahassee, close to midtown and Uptown. It consists of 4 structures: 1 triplex (Apt 1, 2, and 3) and 3 detached houses (apt 4, 5, and 6) for a total of 6 rental apartments. Apt 4 is newly vacant and is being cleaned up and prepped for a new tenant. It is expected to rent for at least $750/mo so more profits for the buyer! This property...Calling all investors! Rental complex for sale in a high demand rental area! This complex is excellently located with quick access to Market Square, the Center of Tallahassee, close to midtown and Uptown. It consists of 4 structures: 1 triplex (Apt 1, 2, and 3) and 3 detached houses (apt 4, 5, and 6) for a total of 6 rental apartments. Apt 4 is newly vacant and is being cleaned up and prepped for a new tenant. It is expected to rent for at least $750/mo so more profits for the buyer! This property is grandfathered in to allow for more units than can be had anywhere else in the immediate area! Given the complex's long standing history of income it will qualify for commercial financing with ease. Note Brown strips on carpet is paper laid out to protect it from dirt. Interior pictures are from unit 6. 9.5% cap rate is based off an estimated 30% expense rate.
LISTING CLOSED: 02/01/2019 01:00 AM

  1. Listed by Raymond Uzonyi • Keller Williams Town & Country

Property Details for 271 Bermuda Road

Status
MLS #
297075
Days on Market
156
Taxes
$3,576 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Multi Family
Year Built
-
Lot Size
-
Architectural Style
OneStory
Parking Features
Unassigned, VariesbyUnit
Subdivision Name
Not In Subdivision

Recent comparable sales

Median sold price

$350,000

Avg days on market

101

Sale-to-list ratio

95.0%

Tallahassee, FL

9 comparable properties found

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1

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Unavailable
Bedrooms
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Square Feet
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Acres
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Square Feet
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Acres
$350,000 | 2517 Old Bainbridge Road, Tallahassee, FL 32303
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3

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Bedrooms
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Square Feet
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Acres
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4

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Square Feet
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Acres
$310,000 | 1408 North Bronough Street, Unit 1, Tallahassee, FL 32303
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Bedrooms
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Square Feet
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Acres
$349,000 | 527-529 East 7th Avenue, Tallahassee, FL 32303
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6

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Bedrooms
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Bathrooms
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Square Feet
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Acres
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Bedrooms
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Bathrooms
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Square Feet
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Acres
$455,000 | 1802 Sylvan Court, Tallahassee, FL 32303
1/25
8

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Unavailable
Bedrooms
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Bathrooms
3,596
Square Feet
Unavailable
Acres
$460,000 | 1810 Sylvan Court, Tallahassee, FL 32303
1/26
9

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Sold 11/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,400
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Keller Williams Town & Country

Sold By Weichert Realtors The H2 Group

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Building Information for 271 Bermuda Road

Stories1Residences6Year Built-Building Size-Lot Size-

Payment Calculator

$2,229 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,931

Property Taxes

$298

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 271 Bermuda Road

Summary
Location and General Information
  • City: TALLAHASSEE
  • County Or Parish: Leon
  • Directions: N on Meridian from John Knox, L on Bermuda Rd, property on Left
  • Postal Code: 32312
  • Latitude: 30.489233
  • Longitude: -84.281907
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12073-21-13-20-055-000-0
  • Association Fee: $.00
  • Tax Annual Amount: $3,576.00
School Information
  • Elementary School: SEALEY
  • High School: LEON
  • Middle Or Junior School: RAA
Property
Lot Information
  • Building Area Source: Other
  • Building Area Total: 6426.0
  • Lot Size Dimensions: 325x175x145x90
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Documents Available: Disclosures, RentRolls, SellersPropertyDisclosure
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fence
  • Fencing: Partial
  • Pool Private: No
  • Construction Materials: FiberCement, Masonite, Other
Interior Features
  • Stories: 1
  • Flooring: Carpet, Other, PartiallyCarpeted, Varies
  • Cooling: Yes
  • Cooling: CentralAir, CeilingFans, Electric
  • Heating: Yes
  • Heating: Central
  • Appliances: Dishwasher, Range, Refrigerator
  • Fireplace: No
  • Interior Features: WalkInClosets
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Gross Income: $54,360
Rental
Rental Information
  • Rent Includes: None
  • Lease Considered: No
  • Lease Term: Other

Property History for 271 Bermuda Road

DateEvent & SourcePriceAppreciation
Feb 1, 2019

Sold

CATRS #297075

$380,000
Jan 8, 2019

Pending

CATRS #297075

Aug 5, 2018

Price Change

CATRS #297075

$425,000
DateEvent & SourcePrice
02/01/2019

Sold

CATRS #297075

$380,000
01/08/2019

Pending

CATRS #297075

08/05/2018

Price Change

CATRS #297075

$425,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 271 Bermuda Road

This home is within Leon.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Sealey Elementary School
PublicPK to 5

Raa Middle School
Public6 to 8

Leon High School
Public9 to 12

School Of Arts & Science Center
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 271 Bermuda Road, Tallahassee, FL 32312
$380,000
6,426
$177,200
1,300
20,386
$399,000
3
2
2,776
19,558
$27,000
0
$170,000
3
2
1,272
13,068
1,200
10,890

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Town & Country

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.