Cheap Tallahassee Block Duplex

Cheap Tallahassee Block Duplex

2 bed 2 bath 864 sq ft Built in 1956 Multi-family
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75
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This concrete block duplex is in a popular rental area near Florida A&M University and is a 10-15 minute drive to downtown, shopping, restaurants, and FSU. Each side is a studio type unit with 1 bedroom and 1 full bath, making this an ideal student rental. It is distressed and will need a complete renovation throughout including roof and sub-floors. Smaller multi-unit properties are less expensive to maintain, and the lower rents reduce collection issues and are easier for renters to pay on time. Contact your EquityPro Advisor for this cheap investment opportunity!

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We recommend rent
Rental Income
$800 mo. / $9,600 yr.
Maintenance
$200 / yr.
HOA Dues
$0 / yr.
$7,067
Projected Income
15.63%
Estimated APY
$2,750
Projected Income
6.51%
Estimated ROI

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