$895,000 SALE
6.65 AC
3514 N Meridian Rd commercial
Tallahassee, FL 32312

Once in a lifetime opportunity to own nearly seven acres of investment property plus a ranch-style homestead (or larger rental) in Tallahassee's most sought-after area: The Northeast Market District // Built in the mid-1950's, the property consists of a 2100 sq ft main house with four bedrooms and two full baths that has been renovated over the years to blend with it's classic original elements // The cottages range in rent from $600-$895 (Seller has chosen not to raise rent for two long-time tenants), but market rent is $895 each // With interior cosmetic renovations and/or a furnished AirBnb/short-term rental concept, the market rent could be much, much higher // The cottages are all nearly identical in their floor plans, but are 844 square feet and each have two bedrooms and one full bathroom, some have carports // Various updates throughout each, but most have rather original interior finishes hard floors // Owner has kept up with septic and roof repairs very well // Property was parceled separately so that main house is on one parcel for homestead purposes // Water well for all properties is on homestead parcel // Both parcels must be sold together // Leases, surveys and old appraisal docs are available

Property Type Multi-Family
Max Continuous Area 7,179
Min Divisible Area 7,179
MLS ID 325010 B
Style Multi-Family (5-20 Units)
Lot Size 6.65 AC
Additional Media Area Demographics

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