Spacious Townhome Near Hartsfield
2319 Hartsfield Way Tallahassee, FL 32303
Two-bedroom townhome with new roof, convenient location.
Type:Condo/Townhome
Property size:
960 SFLot size:
0.04 AcresPrice / SF:
$145/SF- Added:
- Jun 7, 2024
- Days on Market:
- 763
- Last Refresh:
- Jun 29 at 1:31 am
Property Features for 2319 Hartsfield Way
General Information
- Standard status
- Active
- Size
- 960 SF
- Lot size
- 0.04 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing office David M. Burks Property Mgmt. (850) 765-5864
Listing date Jun 7, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of David M. Burks Property Mgmt.
Investment Insights
Based on property information with market context.
This spacious townhome features two bedrooms and one and a half bathrooms. Located just off Hartsfield Road, the property includes a living room that opens to the kitchen, providing ample space for a desk or dining area. Inside, there are washer and dryer connections. Upstairs, two bedrooms share a bathroom. The property size is 960 square feet. A new roof was installed in 2024.
Key Highlights
- New roof in 2024
- Spacious 2 bedroom layout
- 1.5 bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.3k | $18.00 |
| − Vacancy | −$1.4k | −$1.44 |
| EGI | $15.9k | $16.56 |
| − OpEx | −$7.2k | −$7.45 |
| NOI | $8.7k | $9.11 |
960 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$124.9K
$109.3K – $145.7K
NOI $8,744 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.4K
$205.9K – $274.6K
NOI $16,475 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Two-bedroom townhome with new roof, convenient location.
Where is this residential income property located?
The property is located at 2319 Hartsfield Way Tallahassee, FL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: New roof in 2024; Spacious 2 bedroom layout; 1.5 bathrooms
