416 Belmont Road

Tallahassee, FL 32301

$550,000
Price
—
Beds
3,024 Sq. Ft.
$182 / Sq. Ft.
3,024
Sq. Ft.
$182
per Sq. Ft.

Description

Great investment opportunity on quadraplex in fantastic location less than 2 miles East of historic downtown Tallahassee and Cascades Park. The central location makes these units easy to rent out! Four 2bed/1bath units. Fully rented with gross annual rent of $51,060. There is room to raise rents on two units by another $100 to $150 per month by making some easy updates. New roof in 2022. Low maintenance single story concrete block construction. Each unit has washer/dryer connections and a private...Great investment opportunity on quadraplex in fantastic location less than 2 miles East of historic downtown Tallahassee and Cascades Park. The central location makes these units easy to rent out! Four 2bed/1bath units. Fully rented with gross annual rent of $51,060. There is room to raise rents on two units by another $100 to $150 per month by making some easy updates. New roof in 2022. Low maintenance single story concrete block construction. Each unit has washer/dryer connections and a private patio. Two units have recently been updated with new paint, flooring, new light fixtures, ceiling fans, re-surfaced tub and more. Close to downtown, Cascades Park, shopping, restaurants, Tallahassee Memorial Hospital, Governor Square Mall and more! Additional pictures and property information is available upon request.
  1. Listed by Robert Nahoom • Amac Real Estate Co.

Property Details for 416 Belmont Road

Architectural Style
OneStory
Parking Features
Assigned, ParkingSpaces
Subdivision Name
Magnolia Office Center

Location

Listing Courtesy of Amac Real Estate Co.
Add your commute
LISTING UPDATED: 05/16/2024 02:12 AM

Property Details for 416 Belmont Road

StatusActive
MLS #372044
Days on Market23
Taxes$4,914 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Multi Family
Year Built1970
Lot Size-
CountyLeon County

Location

Listing Courtesy of Amac Real Estate Co.
Add your commute

Building Information for 416 Belmont Road

Stories1Residences4Year Built1970Building Size-Lot Size-

Payment Calculator

$3,411 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$410

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 416 Belmont Road

Summary
Location and General Information
  • City: TALLAHASSEE
  • County Or Parish: Leon
  • Directions: East on Mahan, Right on Magnolia, Left on Call St, Left on Belmont
  • Postal Code: 32301
  • Latitude: 30.447124
  • Longitude: -84.258889
  • State Or Province: FL
Taxes and HOA Information
  • Parcel Number: 12073-11-31-68- A-023-0
  • Association Fee: $.00
  • Tax Annual Amount: $4,914.00
  • Tax Block: A
  • Tax Lot: 23
School Information
  • Elementary School: HARTSFIELD
  • High School: RICKARDS
  • Middle Or Junior School: FAIRVIEW
Property
Lot Information
  • Building Area Source: Assessor
  • Building Area Total: 3024.0
  • Lot Size Dimensions: 130x80x130x80
Property and Assessments
  • Property Type: Residential
  • Property Sub Type: MultiFamily
  • Property SubType Additional: MultiFamily
  • Year Built: 1970
  • Documents Available: Disclosures, Financials, Lease, RentRolls, SellersPropertyDisclosure
  • Human Modified: No
Interior and Exterior Features
Exterior Features
  • Pool Private: No
  • Construction Materials: Block, Concrete, WoodSiding
  • Patio And Porch Features: Patio
  • Security Features: SmokeDetectors
Interior Features
  • Stories: 1
  • Flooring: Carpet, Clay, Concrete, CeramicTile, Vinyl
  • Cooling: Yes
  • Cooling: CentralAir, Electric
  • Heating: Yes
  • Heating: Central, Electric
  • Appliances: Range, Refrigerator
  • Fireplace: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $51,060
Rental
Rental Information
  • Rent Includes: Gardener
  • Lease Considered: No
  • Lease Term: Item12Months

Property History for 416 Belmont Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 416 Belmont Road

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

Fairview Middle School
Public6 to 8

James Rickards High School
Public9 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.

Similar Homes

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416 Belmont Road is a multi-family home for sale in Tallahassee, FL 32301. This property was listed for sale on May 9, 2024 by Amac Real Estate Co., it's currently listed at $550,000. It has been on the market for a total of 23 days and was last sold on September 12, 2022. This listing's school district is Leon. Nearby schools include Frank Hartsfield Elementary School, Fairview Middle School and James Rickards High School. 416 Belmont Road is a 0-bed, 0-bath, 3,024 sqft multi-family home built in 1970.

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 Amac Real Estate Co.

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.