311 Vantage Point Lane, Unit 37 38 39

Tallahassee, FL 32301

$325,000
Price
—
Beds
2,208 Sq. Ft.
$147 / Sq. Ft.
2,208
Sq. Ft.
$147
per Sq. Ft.

Description

Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly...Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.
  1. Listed by Jason Naumann • The Naumann Group Real Estate
  2. Listed by Cole Davis • The Naumann Group Real Estate

Property Details for 311 Vantage Point Lane, Unit 37 38 39

Architectural Style
TwoStory
Parking Features
Unassigned
Subdivision Name
Vantage Point Unrec

Location

Listing Courtesy of The Naumann Group Real Estate
Add your commute
LISTING UPDATED: 01/25/2024 05:41 PM

Property Details for 311 Vantage Point Lane, Unit 37 38 39

StatusActive
MLS #367438
Days on Market108
Taxes$3,289 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi Family
Year Built1978
Lot Size-
CountyLeon County

Location

Listing Courtesy of The Naumann Group Real Estate
Add your commute

Building Information for 311 Vantage Point Lane, Unit 37 38 39

Stories-Residences3Year Built1978Building Size-Lot Size-

Payment Calculator

$2,048 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$274

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 Vantage Point Lane, Unit 37 38 39

Summary
Location and General Information
  • City: TALLAHASSEE
  • County Or Parish: Leon
  • Directions: Magnolia to Hays St to R on Smith, Left on Vantage Point Lane
  • Postal Code: 32301
  • Latitude: 30.444501
  • Longitude: -84.263892
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12073-11-31-19-000-011-0
  • Association Fee: $.00
  • Tax Annual Amount: $3,289.00
  • Tax Lot: 11
School Information
  • Elementary School: HARTSFIELD
  • High School: LEON
  • Middle Or Junior School: COBB
Property
Lot Information
  • Building Area Source: Other
  • Building Area Total: 2208.0
  • Lot Size Dimensions: 101x113x100x131
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Year Built: 1978
  • Documents Available: Lease
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Pool Private: No
  • Construction Materials: Cedar, RedwoodSiding
  • Patio And Porch Features: Deck
Interior Features
  • Cooling: Yes
  • Cooling: CentralAir, CeilingFans, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Appliances: Dishwasher, Disposal, Range, Refrigerator, WasherDryer
  • Fireplace: No
  • Interior Features: TrayCeilings, VaultedCeilings
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Rental
Rental Information
  • Rent Includes: Other
  • Lease Considered: No
  • Lease Term: Item12Months

Property History for 311 Vantage Point Lane, Unit 37 38 39

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 311 Vantage Point Lane, Unit 37 38 39

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

Elizabeth Cobb Middle School
Public6 to 8

Leon 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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311 Vantage Point Lane, Unit 37 38 39 is a multi-family home for sale in Tallahassee, FL 32301. This property was listed for sale on January 15, 2024 by The Naumann Group Real Estate, it's currently listed at $325,000. This listing's school district is Leon. Nearby schools include Frank Hartsfield Elementary School, Elizabeth Cobb Middle School and Leon High School. 311 Vantage Point Lane, Unit 37 38 39 is a 0-bed, 0-bath, 2,208 sqft multi-family home built in 1978.

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.

Listing Courtesy of The Naumann Group Real Estate

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