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 | |
| Updated | November 12th, 2012 |
| Type | Multi-family |
| Price | $1,175,000 |
| Building | 14,854 Sq. Ft. |
| Land | 49299.44 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
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Financials
Sales Info:
>> Cap rate: 7.75%
>> NOI: $91031