Additional Details

• Important Details: --> VACANT on LOCKBOX! --> Tax assessed for $54k for 2023
• Features: 2nd story condo in Tallahassee! This 1 bedroom, 1 bathroom condo features 696 sqft of living space, a fireplace, rear balcony, and stairs at the front and back entrances. The unit comes with one parking spot per unit with ample guest parking. HOA covers the roof, exterior maintenance, landscaping, water, sewer, garbage, and pool maintenance! Conveniently located just minutes from FSU, TCC, and FAMU and nestled in between Pensacola St, Tennessee St, Ocala Rd, and Appleyard. Minutes from Capital Circle and I-10. Don't miss out on this one!
• Potential ARV: $95,000 - $105,000
• Rehab Description: For a flip or rental, this needs minor cosmetic updates. Deep clean and apply fresh interior paint. Replace some trim/fixtures. Update flooring in bedroom and spot repair drywall near front door. Replace front door and jamb. Power wash balcony and stairs. HVAC in good working order but may need to be updated due to age. Roof and exterior maintenance covered by HOA. Optionally, update the kitchen and appliances.
• Estimated Rehab: $5,000 - $12,000
• Construction: Frame
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $850 - $900
• Comp 1: 216 Dixie Dr APT D7, Tallahassee, FL 32304 1/1, 744 sqft ACTIVE for $85k since OCTOBER 2023 (1982 build, partially updated)
• Comp 2: 216 Dixie Dr #7, Tallahassee, FL 32304 1/1, 696 sqft SOLD $61k in JUNE 2023 (1981 build, original)
• Comp 3: 216 Dixie Dr APT B7, Tallahassee, FL 32304 1/1, 696 sqft SOLD $61k in JUNE 2023 (1981 build, original)
• Comp 4: 216 Dixie Dr #6, Tallahassee, FL 32304 1/1, 792 sqft SOLD $104k in JULY 2023 (1983 build, updated)
• Rental Comp 1: 218-B White Dr, Tallahassee, FL 32304 1/1, 656 sqft Active rental at $850/mo since OCTOBER 2023
• Rental Comp 2: 2303 Columbia Ct, APT B, Tallahassee, FL 32304 1/1, 685 sqft Active rental at $900/mo since OCTOBER 2023