Property Listing No Longer Available for Sale

1420 Fisher Lane, Tallahassee, FL

Multi-family for Sale - $1,175,000 - 14,854 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#464477
Location
  1420 Fisher Lane
  Tallahassee FL 32303
UpdatedNovember 12th, 2012
TypeMulti-family
Price$1,175,000
Building14,854 Sq. Ft.
Land49299.44 acres

Property Description

Excellent investment opportunity in multifamily rental real estate. 22 well-maintained rental units are available in multiple buildings, set in a private enclave on Fisher Lane off St. Augustine Road. This portfolio consists of multiple quadraplexes and triplexes all conveniently located in one central location, for easy management. These units are 100% occupied and have an excellent rental history.

Location Description:

Located just off Old St. Augustine Road, on Fisher Lane. Fisher Lane is just east of Blairstone Road and is a private, cul-de-sac street, with low traffic and peaceful surroundings.

Highlights:

>> Great Rental History & Occupancy

>> Well Maintained Units

>> Private, peaceful location

>> Close to retail, shopping, restaurants,

>> Minutes from Capitol Downtown, State of Florida Office Complex at Southwood

>> 1420, 1424, 1426, 1428, 1432 & 1434 Fisher Lane

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 7.75%

>> NOI: $91031


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