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$1,200,000
503 Marvin St Street, Tallahassee, FL 32301
16 Beds
16 Baths
7,364 sqft

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This is a great investment opportunity. Cascade Bluff Townhomes offer two, two-story, two unit, multifamily buildings constructed in 2007. Address's are 503 & 507 Marvin Street and 502 & 506 Myers Park Lane. ALL FOUR UNITS MUST BE PURCHASED AS A PACKAGE. This portfolio is priced well below replacement value and is a great opportunity for a hands on owner operator. Buyer could live in one unit and rent/manage others. Units have been at 100% occupancy since purchasing the property in 2014. Each of these upscale townhomes offer approx. 1841 square feet with 4 large bedrooms, 4 1/2 baths, ceramic tile flooring in living area, kitchen and bathrooms, Granite counter tops, stainless steel kitchen appliances, full size washer and dryer and a Jacuzzi tub as well. Awesome location near downtown and within walking distance to Cascade Park. Less than 2 miles from both universities. Must provide 24 hours notice to show.
  • Price:
  • $1,200,000
  • Bedrooms:
  • 16
  • Full Baths:
  • 16
  • Square Footage:
  • 7,364
  • Year Built:
  • 2007
  • Listing ID #:
  • 333046
  • Street Address:
  • 503 Marvin St Street
  • City:
  • Tallahassee
  • State:
  • Florida
  • Postal Code:
  • 32301
  • County:
  • Leon
  • Community:
  • Ne-01
  • Subdivision:
  • Cascades Bluff Townhomes
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
1
out of 5

Frank Hartsfield Elementary School
Public
School Grade Level PRESCHOOL-5
School Students 450 students
School Teachers 14 student/
teacher
3
out of 5

Elizabeth Cobb Middle School
Public
School Grade Level 6-8
School Students 800 students
School Teachers 19 student/
teacher
2
out of 5

James Rickards High School
Public
School Grade Level 9-12
School Students 1250 students
School Teachers 18 student/
teacher
  • Construction Description:
  • Firewalls, Siding - Fiber Cement
  • Dwelling Type:
  • Multi-Family
  • Floor Plan:
  • Story - Two Plus
  • Flooring:
  • Carpet, Ceramic/Clay
  • Number Of Units:
  • 4
  • Total Building Square Footage:
  • 7364
  • Unit 1 - Square Footage Available:
  • 1841
  • Unit 2 - Square Footage Available:
  • 1841
  • Unit 3 - Square Footage Available:
  • 1841
  • Unit 4 - Square Footage Available:
  • 1841
  • Unit1 Bathrooms:
  • 4
  • Unit1 Bedrooms:
  • 4
  • Unit1 Half Bathrooms:
  • 1
  • Unit1 Total Rooms:
  • 4
  • Unit2 Bathrooms:
  • 4
  • Unit2 Bedrooms:
  • 4
  • Unit2 Half Bathrooms:
  • 1
  • Unit2 Total Rooms:
  • 4
  • Unit3 Bathrooms:
  • 4
  • Unit3 Bedrooms:
  • 4
  • Unit3 Half Bathrooms:
  • 1
  • Unit3 Total Rooms:
  • 4
  • Unit4 Bathrooms:
  • 4
  • Unit4 Bedrooms:
  • 4
  • Unit4 Half Bathrooms:
  • 1
  • Unit4 Total Rooms:
  • 4
  • Year Built:
  • 2007
  • Expenses:
  • 20340
  • Gross Income:
  • 90000
  • Net Operating Income:
  • 67714
  • Lot Features:
  • 1
  • Days On Market:
  • 109
  • For Sale Or Lease?:
  • For Sale
  • Lease Terms:
  • 1 Year
  • Terms:
  • Cash, Conventional, Exchange
  • Price Per Square Foot:
  • 162.95
  • Property Taxes:
  • $11,040
  • Unit 1 Monthly Rent:
  • 1900
  • Unit 2 Monthly Rent:
  • 1850
  • Unit 3 Monthly Rent:
  • 1900
  • Unit 4 Monthly Rent:
  • 1850
  • Other Rooms:
  • Master Bedroom - Down, Utility Room - Inside, Walk In Closet
  • Parking Description:
  • Area - Unassigned
  • Cooling System:
  • Central, Electric, Fans - Ceiling
  • Equipment:
  • Dead Bolt, Dishwasher, Disposal, Microwave, Range, Refrig/Icemaker, Smoke Detector, Wash/Dry All
  • Heating:
  • Central, Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided By Sunbelt Real Estate Services

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