118 W 8th Avenue #1-7, Tallahassee, FL 32303
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: velinda hittinger
Office: armor realty, inc
MLS#:399338
Source:FL_TBR
Price summary
- Price:$1,225,000
- Price per sq. ft.:$246.68
About this home
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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Home facts
- Year built:1979
- Listing ID #:399338
- Added:1 day(s) ago
- Updated:May 01, 2026 at 01:46 AM
Rooms and interior
- Flooring:Vinyl, Wood
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:4,966 sq. ft.
Heating and cooling
- Cooling:Attic Fan, Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1979
- Building area:4,966 sq. ft.
- Construction Materials:Wood Siding
- Exterior Features:Deck, Patio
- Levels:1 Story
Schools
- High school:LEON
- Middle school:RAA
- Elementary school:RUEDIGER
Finances and disclosures
- Price:$1,225,000
- Price per sq. ft.:$246.68
- Tax amount:$9,709
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Security System, Tray Ceilings, Vaulted Ceilings, Window Treatments
Parking
- Parking description:On Street, Unassigned
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