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$850,000
1517 Blounstown Highway, Tallahassee, FL 32304
15 Beds
10 Baths
6,000 SqFt

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Unique income property and development potential. Four lots total of 6.87 acres. Property is currently zoned R5 and can include 48 single family dwellings (mobile homes or detached single family). Property can easily be re-zoned to R4 which can include 60 townhomes, duplexes, triplexes, quads, or apartment units. Currently the property has 10 structures which includes 4 houses (3 which are rented and 1 that is vacant), a duplex that has been converted to single family home (rented), 2 mobile homes (one rented and one vacant), Efficiency apartment (not rented), 1 warehouse (rented), and 1 shed. The current rental income is $49,000 a year. This does not include the vacant properties which will need work prior too renting. Tenants would love to stay long term but if that doesn't work for the buyer, a 90 day lease agreement must be honored for each tenant starting from the date of closing. Property has an in-ground pool that has not been maintained for over a year. One of the vacant homes is an 1800's old pecan plantation house with lots of neat history (this home could be restored). It sits on a beautiful part of the property that totals 3 gorgeous acres with over 500 mature sable palms. Please do not access this property without scheduling an appointment.
  • Price:
  • $850,000
  • Bedrooms:
  • 15
  • Full Baths:
  • 10
  • Square Footage:
  • 6,000
  • Listing ID #:
  • 349965
  • Street Address:
  • 1517 Blounstown Highway
  • City:
  • Tallahassee
  • State:
  • Florida
  • Postal Code:
  • 32304
  • County:
  • Leon
  • Community:
  • Nw-02
  • Subdivision:
  • None
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
0
out of 5

John G Riley Elementary School
Public
School Grade Level PRESCHOOL-5
School Students 600 students
School Teachers 15 student/
teacher
0
out of 5

Griffin Middle School
Public
School Grade Level 6-8
School Students 650 students
School Teachers 17 student/
teacher
1
out of 5

Amos P. Godby High School
Public
School Grade Level 9-12
School Students 1385 students
School Teachers 18 student/
teacher
  • Construction Description:
  • Units Vary
  • Dwelling Type:
  • Multi-Family
  • Fireplace:
  • Yes
  • Floor Plan:
  • Unit - Ground Floor, Unit - Upstairs
  • Flooring:
  • Units Vary
  • Number Of Units:
  • 1
  • Total Building Square Footage:
  • 6000
  • Unit 1 - Square Footage Available:
  • 6000
  • Unit1 Bathrooms:
  • 10
  • Unit1 Bedrooms:
  • 15
  • Unit1 Total Rooms:
  • 40
  • Lot Features:
  • 962
  • Days On Market:
  • 115
  • For Sale Or Lease?:
  • For Sale
  • Lease Terms:
  • Units Vary
  • Terms:
  • Call Lag For Terms
  • Price Per Square Foot:
  • 141.67
  • Unit 1 Monthly Rent:
  • 4000
  • Other Rooms:
  • Units Vary
  • Parking Description:
  • Units Vary
  • Pool:
  • Yes
  • Pool Type:
  • Pool - In Ground
  • Cooling System:
  • Units Vary
  • Equipment:
  • Range, Refrigerator, Units Vary
  • Heating:
  • Units Vary
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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 Waypoint Properties

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