1708 & 1709 S Gadsden & Calhoun St Street Unit -, Tallahassee, FL 32301

$550,000

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List Price: $550,000
Status: ACTIVE UNDER CONTRACT
MLS#: 400144
Closing Date: Jun 11, 2026
Construction: Other, Vinyl Siding
County: Leon
Subdivision: Gadsden Village

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Property Description

Property consists of two duplexes, four total units. Each unit has a cleverly designed floor plan perfect for roommates or families with lots of storage needs: 3Bd/3 full baths, with each bedroom having attic storage. The kitchen has a European style set up with the washer/dryer in that area for better energy efficiency. Each duplex has a central deck system that serves as a lounge area and entry. Pictures are of a currently vacant, fully renovated unit, but units vary in their renovations (some are original to 2002). Fantastic investment, now and in the future, thanks to well-maintained rental units and a whopping 2.19 acres of land. Rents vary from $1250-$1500, with an average of $1,361/month, which is what was used to calculate the gross rent multiplier. Lower maintenance with 2002-built structure, vinyl siding and metal roofs with warranties (roof on one duplex was replaced in 2025). Owners have replaced various appliances and some units had recent cosmetic renovations. Currently professionally managed. Owner provides grounds maintenance and tenants pay for all utilities and have individual garbage services. Seller owns a total of 12 units/6 duplexes. Option to purchase all 12 for $1,650,000

(850) 926-5084

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