1614 S Meridian Street #4 new Save Request In-Person Tour Request Virtual Tour
Tallahassee,FL 32301
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $158
MLS Listing ID 385986
Bedrooms 8
Full Baths 6
Year Built 1940
Property Sub-Type Multi-Family
Property Description
This fantastic Historic property has been managed as a registered rooming house for almost 30 years by the present seller, and a few years before that by prior owner. It could also be an AirBnB. All tenants have been moved out for ease of selling and inspections. The original 1940 house has 5 bedrooms, most recently rented at $695 per month. The 1960 addition (“West Wing” it was called by the original owners), consists of two 800 sq ft efficiency apartments, one most recently rented at $1150, the other lived in by the seller and would rent for $1500. Finally, the detached garage efficiency apartment was rented to a friend but would rent at $850. Total income potential would be $6975. Some kitchen repairs are needed, discovered during cleanout. Total 4800 sq ft under roof. 4 kitchens, 3 fireplaces, 6 full bathrooms, gunnite salt pool. Outdoor kitchen and fire pit, and three storage sheds. Ample off-street assigned parking spots. Also RV storage site with hookups, could also be rented. Back of property fenced, so it's private. Large list of upgrades made is in associated documents. Finally, there is potential for subdivision and building additional units or selling that land.
Location
State FL
County Leon
Area Ne-01
Rooms
Other Rooms Basement,Foyer,Pantry
Interior
Heating Central,Electric,Fireplace - Wood,Units Vary
Cooling Central,Electric,Fans - Ceiling,Units Vary
Flooring Ceramic/Clay,Wood
Equipment Dead Bolt,Dishwasher,Range,Refrigerator
Exterior
Parking Features Assigned Spaces
Pool Concrete,Pool - In Ground,Pool Equipment
Building
Lot Description Kitchen - Eat In,Separate Dining Room,Separate Living Room,Units Vary
Story Story - Two plus
Schools
Elementary Schools Hartsfield
Middle Schools Cobb
High Schools Rickards
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional