2925 Par Lane, Unit A B C D

2925 Par Lane, Unit A B C D

Tallahassee, FL 32301

$619,000
Price
—
Beds
3,712 Sq. Ft.
$167 / Sq. Ft.
3,712
Sq. Ft.
$167
per Sq. Ft.

Description

Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close...Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I. D.

Property Details for 2925 Par Lane, Unit A B C D

Architectural Style
TwoStory
Parking Features
Unassigned
Subdivision Name
Par 4 Condominiums

Location

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LISTING UPDATED: 05/02/2024 07:23 PM

Property Details for 2925 Par Lane, Unit A B C D

StatusActive
MLS #370901
Days on Market21
Taxes$4,180 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi Family
Year Built1979
Lot Size-
CountyLeon County

Location

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Building Information for 2925 Par Lane, Unit A B C D

Stories-Residences4Year Built1979Building Size-Lot Size-

Payment Calculator

$3,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,378

Property Taxes

$348

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2925 Par Lane, Unit A B C D

Summary
Location and General Information
  • City: TALLAHASSEE
  • County Or Parish: Leon
  • Directions: From downtown go East on Apalachee Pkwy, Right on Right Blairstone, left on Kay until you hit Par
  • Postal Code: 32301
  • Latitude: 30.413665
  • Longitude: -84.246538
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12073-31-08-21-000-00A-0
  • Association Fee: $.00
  • Tax Annual Amount: $4,180.00
School Information
  • Elementary School: CONLEY ELEMENTARY
  • High School: RICKARDS
  • Middle Or Junior School: FAIRVIEW
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 3712.0
  • Lot Size Dimensions: 158x205x152x175
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Year Built: 1979
  • Documents Available: Disclosures, Lease, RentRolls, SellersPropertyDisclosure
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • Construction Materials: Brick, Other
  • Patio And Porch Features: Patio, Porch, Screened
Interior Features
  • Flooring: Clay, CeramicTile, Laminate, Vinyl
  • Cooling: Yes
  • Cooling: CentralAir, CeilingFans, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Appliances: Dishwasher, Range, Refrigerator
  • Fireplace: No
  • Interior Features: Pantry
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Rent Includes: Gardener, PestControl
  • Lease Considered: No
  • Lease Term: Item12Months

Property History for 2925 Par Lane, Unit A B C D

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2925 Par Lane, Unit A B C D

This home is within Leon.
Rating
School
Type
Grades
Distance
J Michael Conley Elementary School At Southwood
Public - PK to 5
Fairview Middle School
Public - 6 to 8
James Rickards High School
Public - 9 to 12
P.A.C.E. Center For Girls
Public - 6 to 12
Rating
School
Distance
J Michael Conley Elementary School At Southwood
PublicPK to 5

Fairview Middle School
Public6 to 8

James Rickards High School
Public9 to 12

P.A.C.E. Center For Girls
Public6 to 12

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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More information about 2925 Par Lane, Unit A B C D, Tallahassee, FL 32301

2925 Par Lane, Unit A B C D is a multi-family home for sale in Tallahassee, FL 32301. This property was listed for sale on April 12, 2024, it's currently listed at $619,000. It has been on the market for a total of 21 days and was last sold on November 28, 2017. This listing's school district is Leon. Nearby schools include J Michael Conley Elementary School At Southwood, Fairview Middle School and James Rickards High School. 2925 Par Lane, Unit A B C D is a 0-bed, 0-bath, 3,712 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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© 2024 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.