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

One or more photos have been virtually enhanced. Immediate cash flow with 100% occupancy across all triplex units and a high-demand, 5-star Airbnb in the detached home. This extraordinary, completely renovated, and turn-key investment opportunity in the Levy Park area of Midtown Tallahassee features two income-producing triplexes and a detached single-family home on approximately 0.78 acres, a short walk to Lake Ella and less than three miles from Florida State University and the Florida State Capitol. Seven units on one parcel in one of Tallahassee's most desirable neighborhoods is a rare find. The numbers: approximately $114,600 in gross scheduled income, with the long-term triplex leases at approximately $7,050 monthly and the detached home averaging approximately $30,000/year from Airbnb and furnished mid-term stays. That works out to roughly $148,571 per door and a 9.1 gross rent multiplier. Several triplex residents have called the property home since 2022–2023. Rent roll,...