214 Cactus St., Tallahassee, FL 32304

214 Cactus St., Tallahassee, FL 32304
Photo 1 of 15
$175,000
Sold on 2/28/23
Beds Baths Sq. Ft. Taxes Built
3 2.00 1,485 $1,291 1972
On the market: 58 days
View full details, 15 photos, school info, and price history
Location, location, location, and Walk to Florida State University, buy it and rent it out, you can even convert the garage into an additional bedroom (check w/zoning), an excellent opportunity for a person who wants their kid(s) to go to school there and be an owner. Attention Investors, an excellent investment opportunity, as a rental cap rate of 10.75% for a single rental. A 17% cap rate for converting the room (legally) and renting the rooms out to college attendees at $800/month. the home is origional, but well maintained. there is a porch in the rear for additional outdoor space. the 1 car garage can be used for storage or for a conversion. The home is half brick and half wood exterior, it does need minor changes, carpeting to tile, but nothing major. the home sits on almost 1/2 acre in a very quiet and serene neighborhood, again, just blocks from the campus. The slab in solid concrete and has central ac and heating. Roof is from 2007, laundry is in the garage.
Listing courtesy of Michael Aversano, 1 KEY REALTY