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(850) 926-5084
Real Estate Company
2039 Summer Lane Unit 2045 & 2047, Tallahassee, FL 32305
- $175,000
- List Price
- $175,000
- Status
- ACTIVE
- MLS#
- 406920
- Construction
- Frame
- County
- Leon
- Subdivision
- Unplatted Land
Property Description
Rare opportunity to acquire three (3) residential dwellings on approximately 1-acre lot in Tallahassee! Located at 2039, 2045, and 2047 Summer Lane, this unique investment package offers multiple rental income streams, approximately 3,362 combined square feet, and significant upside potential for investors looking to renovate, reposition, and build long-term equity. The property includes two single-family homes and one manufactured home, offering a combined 8 bedrooms and 5 bathrooms. Additional improvements include three septic systems and a workshop. Two residences are currently tenant-occupied, with combined scheduled rental income of $2,300 per month. The third residence is vacant, creating an opportunity for renovation and additional rental income. THIS IS A VALUE-ADD OPPORTUNITY! All three residences require substantial renovations, including roofing and interior updates. Ideal for experienced investors, contractors, or buyers seeking a multi-unit rental investment with room for improvement and long-term appreciation. Property is being sold AS-IS. Buyers should conduct their own due diligence regarding property condition, financing, rental income, zoning, and permitted uses. Don't miss this opportunity to transform an underperforming property into a potentially rewarding investment!
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Additional Information
- Taxes
- $1,997
- Heating
- Central, Electric
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Equipment
- Refrigerator
- Floors
- Carpet, Vinyl
- Exterior
- One Story
- Garage
- Unassigned
- Parking
- Unassigned
- Elementary School
- PINEVIEW
- Middle School
- NIMS
- High School
- RICKARDS
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Listing courtesy of Cobb Realty & Investment Compa.