Courtesy of: JODDIE MCCLAIN, KELLER WILLIAMS FIRST COAST REALTY, joddiemcclain@kw.com
Courtesy of: JODDIE MCCLAIN, KELLER WILLIAMS FIRST COAST REALTY, joddiemcclain@kw.com
$75,000
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2 bed
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1.00 Bath (1 Full)
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Condominium
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$75,000
317 MABRY STREET unit: 611 This turn-key 2-bedroom, 1-bath condo at 317 Mabry Street, Unit 611, Tallahassee, FL 32304, offers immediate and reliable cash flow with a long-term tenant secured through May 2027 at $900 per month. The property features a brand-new roof, adding major value and reducing future capital expenses for investors. Located in a quiet, tree-lined community just minutes from FSU, FAMU, and TCC, this condo sits in one of Tallahassee's strongest rental corridors with consistent year-round demand. The low $275 monthly HOA covers exterior maintenance, amenities, and grounds, while residents enjoy access to a community pool and center in a serene, well-maintained setting close to shopping, transit, and major employers. With seller financing available, buyers can maximize leverage and enhance cash-on-cash returns. Based on current rent and expenses, the property delivers an estimated 8.9%-10.1% cap rate, making it an excellent addition to any rental portfolio.
Courtesy of: JODDIE MCCLAIN, KELLER WILLIAMS FIRST COAST REALTY, joddiemcclain@kw.com
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