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Erica Lyles

ericalyles.realtor@gmail.com +1(850) 264-9730

$465,000

Est. payment - /mo

5 Beds

4.5 Baths

3,698 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,698 sqft

Price per Sqft $125

Subdivision Live Oak Hill

MLS Listing ID 400912

Bedrooms 5

Full Baths 3

Half Baths 3

Construction Status Frame,Redwood/Cedar/Cypress

Year Built 1981

Property Sub-Type Multi-Family

Property Description

VA ASSUMABLE LOAN AT 3.75%. Buyer must meet Loan Depot's qualifications to assume loan. This lovingly, well-maintained tri-plex offers a great opportunity for owner occupied rental unit with the other 2 units for income or can be a great investment property with income from all 3 units. Owner would be willing to stay a few months and pay rent until new renter could be secured to avoid any vacant months. Both other units have long-term tenants. Unit 1994 has 1-year lease at $1200/month, and unit 1998 is month-to-month at $900 a month. Both end units have 2 bedrooms, 1 full bath upstairs, and half bath downstairs. Middle unit is a very large 1 bedroom and 1 full bath upstairs, and a half bath downstairs. All 3 units have a nice, spacious floor plan, equipped with fireplaces, decks, balconies in 1994 and 1996, individual driveways, and fenced yards. Owner's unit (1996) has new pergola on back deck. Property also includes large side yard that has potential to be developed for additional units. It currently is used as private garden for residents, including fruit trees and raised garden beds. Current owner made substantial investment to improve this property for both self and tenants including new 30 year shingle roof in 2020, fencing for side yard, and individual units, new exterior paint in 2020, all kitchen and baths upgraded with GFI outlets, vapor barrier in crawl space, vented dryers to outside of crawl space, fireplaces cleaned in 2020. Owners' unit: new kitchen cabinets and appliances in 2023; new vanity in half bath 2020, and in full bath in 2025; new manufactured wood flooring in 2020, remodeled bath in 2025. Agent has copy of lease and tax returns upon request. Showings only for unit 1996 (owner's unit) until offer accepted. Then tenant's units will be made available to view prior to deposit being due as to limit disruption to tenants. Agent would appreciate only serious qualified buyers only. Buyer to verify all measurements.

Location

State FL

County Leon

Area Leon

Rooms

Other Rooms Master Bedroom - Up, Utility Room - Inside

Interior

Heating Central, Electric, Fireplace - Wood

Cooling Central, Electric, Fans - Ceiling

Flooring Carpet, Vinyl, Wood, Units Vary

Equipment Dishwasher, Range, Refrigerator, Smoke Detector

Exterior

Parking Features Assigned Spaces

Private Pool No

Building

Lot Description Family Room/Dining Room, Kitchen with Bar

Story Story - Two plus

Level or Stories Story - Two plus

Construction Status Frame,Redwood/Cedar/Cypress

Schools

Elementary Schools Apalachee

Middle Schools Fairview

High Schools Rickards

Others

SqFt Source Tax

Miscellaneous Deck,Fencing - Full

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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Listed by Xcellence

NEARBY SCHOOL & BUSINESS

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Erica Lyles

+1(850) 264-9730

Agent | License ID: SL3441132

Agent License ID: SL3441132

1994 Darryl Drive #1994 Tallahassee, FL 32301

Erica Lyles

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION