612-696 Ridge Road, Tallahassee, FL 32305

Status: Active

2008

YEAR BUILT

$3,450,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-11075281

Type of Building: Income and Resident. Single Fam


For More Information Call:

561-283-4663

The word opportunity for a savvy investor or new investor is an understatement on this bulk sale of 20 Single Home rental properties plus 1 building lot that can be held with a 9.4 +++ Cap Rate. Or purchase to sell off the package as individual sales.


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This listing is courtesy of EXP Realty LLC. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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  • Acres3.50 acres
  • Available DocumentsNone
  • Available InformationBooks & Records, Copies of Lease, Owner managed and Photos
  • Built DescriptionResale
  • CityTallahassee
  • ConstructionOther
  • CoolingElectric
  • CountyLeon
  • Fire ProtectionSmoke Detector
  • FlooringOther
  • For LeaseNo
  • For SaleYes
  • HeatingCentral
  • LeaseAnnual
  • Legal DescriptionAll information in package
  • List Price$3,450,000
  • Listing DateWednesday, March 26th, 2025
  • Listing IDRX-11075281
  • Listing Price$3,450,000
  • Listing StatusActive
  • Monetary Info: Gross Scheduled Income$450,720
  • Monetary Info: Net Operating Income$341,577
  • Number of Stories1
  • Number of Toilets25
  • Percent Air Conditioned100%
  • PossessionAt Closing
  • Property Description19 SF Rentals plus
  • Property TypeCommercial
  • Real Estate Taxes$51,500
  • RoofComp Shingle
  • Sale IncludesBuilding and Land
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateWednesday, March 26th, 2025
  • Street NameRidge Road
  • SubdivisionOwn Subdivision Of 20 Single Family Plus 1 Vacant Lot, Bulk Sale. Wilson Ridge
  • Tax Year2024
  • Tenant PaysCable, Electric, Sewer and Water
  • Terms ConsideredCash and Conventional
  • Total Units in Building20
  • TypeMultiFamily (5+ Units)
  • Type of BuildingIncome and Resident. Single Fam
  • UtilitiesCable, Electric, Public Sewer and Public Water
  • Virtual TourYes
  • Year Built2008
  • Zip Code32305
  • ZoningResidential

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