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118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
118 W 8th Avenue Unit: 1-7
VIEW PHOTOS
$1,225,000

118 W 8th Avenue Unit: 1-7

4,966 Sq.Ft.

Description

Sold as a package- under one parcel. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown in Tallahassee features two income-producing triplexes and a detached single-family home situated less than three miles from Florida State University and the Florida State Capitol. Perfectly positioned for investors seeking strong cash flow and immediate rental potential, this property represents a rare chance to secure a high-performing asset in one of Tallahassee's most desirable neighborhoods. The gross rent roll of the detached home sits at approximately $30,000/year and the long-term triplex leases sit at approximately $7,000 monthly. The detached single-family home, which makes for an ideal short-term or Airbnb rental, features two bedrooms, two full bathrooms, and a thoughtfully designed interior boasting original wood floors, great lighting throughout, and a faux fireplace situated between the living room and bedroom. The eat-in kitchen includes bar stool seating and a coffee nook, while one bathroom offers a wood-grain double vanity, intricate mosaic floor tiling, and a glass-enclosed walk-in shower with a gold rain shower head. Outside, the home features a carefully planned back deck area perfect for grilling and enjoying the outdoors. The triplexes are equally impressive, featuring dramatic vaulted ceilings with both natural wood and white-painted exposed beams, an open main floor concept, durable light-toned wood-plank flooring throughout, in-unit laundry, individual back decks, and unassigned parking spaces. Property maintenance has been expertly handled, including newer AC units and professional tree mitigation to keep branches away from the roofs. This asset is well-positioned to deliver solid returns. Immediate cash flow with 100% occupancy across all triplex units and a consistently booked, high-demand Airbnb in the detached home. All furniture and other items in the detached single-family home are negotiable with the sale.

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Location

118 W 8th Avenue Unit: 1-7, Tallahassee, FL 32303

Status

For Sale
Velinda Hittinger

Velinda Hittinger

TITLE

REALTOR®

Property Amenities

Interior
Appliances Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Refrigerator with Ice Maker, Washer
Flooring Other, Vinyl, Wood
Other Interior Features Tray Ceiling(s), Vaulted Ceiling(s), Window Treatments
Area & Lot
Total area 4,966 Sq.Ft.
Living area 4,966 Sq.Ft.
MLS® ID 399338
Year Built 1979
High School LEON
Middle School RAA
Elementary School RUEDIGER
Architecture Styles One Story, Two Story
Type Multi-Family
Status For Sale
Exterior
Stories 1
Air conditioning Attic Fan, Central Air, Ceiling Fan(s), Electric
Heat type Central, Electric
Security Features Security System
Other Exterior Features Deck
Parking On Street, Unassigned
Finance
Sales Price $1,225,000
Real Estate Tax $9,709 yearly

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Thank you for your interest in 118 W 8th Avenue Unit: 1-7, Tallahassee, FL 32303. We are reviewing your request and will be in touch shortly!

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