2510 Fred Smith Road Unit -, Tallahassee, FL 32303

$450,000

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List Price: $450,000
Status: ACTIVE
MLS#: 405685
Construction: Block, Concrete, Stucco
County: Leon
Subdivision: Lake Jackson Farms

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Property Description

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existing income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

(850) 926-5084

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Additional Information

Heating: Central
Cooling: Central Air
Equipment: Dishwasher, Range, Refrigerator, Refrigerator with Ice Maker
Floors: Vinyl
Exterior: One Story
Garage: Unassigned
Parking: Unassigned
Elementary School: RUEDIGER
Middle School: GRIFFIN
High School: LEON