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Gerard Corbin

g.acorbin.agents@gmail.com +1(352) 361-3485

$ 175,000

Est. payment | -/mo

8 Beds

5 Baths

3,362 SqFt

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$ 175,000

Est. payment | -/mo

Save

8 Beds

5 Baths

3,362 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,362 sqft

Price per Sqft $52

Subdivision Unplatted Land

MLS Listing ID 406920

Bedrooms 8

Full Baths 5

Construction Status Frame

Lot Dimensions 200x200x200x200

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire three (3) residential dwellings on approximately 1-acre lot in Tallahassee! Located at 2039, 2045, and 2047 Summer Lane, this unique investment package offers multiple rental income streams, approximately 3,362 combined square feet, and significant upside potential for investors looking to renovate, reposition, and build long-term equity. The property includes two single-family homes and one manufactured home, offering a combined 8 bedrooms and 5 bathrooms. Additional improvements include three septic systems and a workshop. Two residences are currently tenant-occupied, with combined scheduled rental income of $2,300 per month. The third residence is vacant, creating an opportunity for renovation and additional rental income. THIS IS A VALUE-ADD OPPORTUNITY! All three residences require substantial renovations, including roofing and interior updates. Ideal for experienced investors, contractors, or buyers seeking a multi-unit rental investment with room for improvement and long-term appreciation. Property is being sold AS-IS. Buyers should conduct their own due diligence regarding property condition, financing, rental income, zoning, and permitted uses. Don't miss this opportunity to transform an underperforming property into a potentially rewarding investment!

Location

State FL

County Leon

Area Leon

Interior

Heating Central, Electric

Cooling Central, Electric, Fans - Ceiling

Flooring Carpet, Vinyl

Equipment Dead Bolt, Refrigerator, Smoke Detector

Exterior

Parking Features Area - Unassigned

Private Pool No

Building

Lot Description Family Room, Units Vary

Story Story - One

Level or Stories Story - One

Construction Status Frame

Schools

Elementary Schools Pineview

Middle Schools Nims

High Schools Rickards

Others

Ownership TALLAHASSEE ALUMNI HOLDIN

SqFt Source Other

Miscellaneous Deck,Fencing - Partial,Units Vary

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Cobb Realty & Investment Compa

NEARBY SCHOOL & BUSINESS

+1(352) 361-3485

g.acorbin.agents@gmail.com

12200 W Colonial Dr, Garden, FL 34787

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2039 Summer Lane #2045 & 2047 Tallahassee, FL 32305