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1517 Blounstown Highway , -

Tallahassee, FL 32304
  • $850,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 348006
UPDATED: 150 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Unique income property and development potential. Four lots total of 6.87 acres. Property is currently zoned R5 and can include 48 single family dwellings (mobile homes or detached single family). Property can easily be re-zoned to R4 which can include 60 townhomes, duplexes, triplexes, quads, or apartment units. Currently the property has 10 structures which includes 4 houses (3 which are rented and 1 that is vacant), a duplex that has been converted to single family home (rented), 2 mobile homes (one rented and one vacant), Efficiency apartment (not rented), 1 warehouse (rented), and 1 shed. The current rental income is $49,000 a year. This does not include the vacant properties which will need work prior too renting. Tenants would love to stay long term but if that doesn't work for the buyer, a 90 day lease agreement must be honored for each tenant starting from the date of closing. Property has an in-ground pool that has not been maintained for over a year. One of the vacant homes is an 1800's old pecan plantation house with lots of neat history (this home could be restored). It sits on a beautiful part of the property that totals 3 gorgeous acres with over 500 mature sable palms. Please do not access this property without scheduling an appointment.

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© 2022 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Xcellence Realty. Data last updated: 2022-08-14T00:14:48.46.
www.tallahasseehomesandland.com/homes/130313279
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1517 Blounstown Highway , - Tallahassee, FL 32304

  • Price: $850,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 150 min ago
  • MLS #: 348006
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
None
County:
Leon
Area:
Nw-02
Elementary School:
Riley
Middle School:
Griffin
High School:
Godby
Property Description
Unique income property and development potential. Four lots total of 6.87 acres. Property is currently zoned R5 and can include 48 single family dwellings (mobile homes or detached single family). Property can easily be re-zoned to R4 which can include 60 townhomes, duplexes, triplexes, quads, or apartment units. Currently the property has 10 structures which includes 4 houses (3 which are rented and 1 that is vacant), a duplex that has been converted to single family home (rented), 2 mobile homes (one rented and one vacant), Efficiency apartment (not rented), 1 warehouse (rented), and 1 shed. The current rental income is $49,000 a year. This does not include the vacant properties which will need work prior too renting. Tenants would love to stay long term but if that doesn't work for the buyer, a 90 day lease agreement must be honored for each tenant starting from the date of closing. Property has an in-ground pool that has not been maintained for over a year. One of the vacant homes is an 1800's old pecan plantation house with lots of neat history (this home could be restored). It sits on a beautiful part of the property that totals 3 gorgeous acres with over 500 mature sable palms. Please do not access this property without scheduling an appointment.
Exterior Features

Exterior Features Fence Fencing Partial Parking Features Varies By Unit Pool Features In Ground Pool Private YN Yes

Interior Features

Appliances RangeRefrigerator Cooling Varies By Unit Fireplace YN Yes

Property Features

Association Fee 0 Building Area Total 6000 Home Warranty YN No Lease Considered YN No Lease Term Other Listing Agreement Exclusive Right To Sell Listing Terms See Agent Owner Pays OtherTaxes Possession Close Of Escrow Property Sub Type Multi Family Property Sub Type Additional Multi Family Rent Includes Gardener Special Listing Conditions Standard

Listing information © 2022 Capital Area Technology & Realtor Services
Listing provided courtesy of Waypoint Properties.


© 2022 CAPITAL AREA TECHNOLOGY & REALTOR® SERVICES, INC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Xcellence Realty. Data last updated: 2022-08-14T00:14:48.46.
 
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Xcellence Realty
835-B E. Park Avenue
Tallahassee FL, 32301