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For sale
Residential income properties
FL
Tallahassee
32303
2738 W Tharpe Street 1601

Tallahassee Condo Near Campus

2738 W Tharpe Street 1601, Tallahassee, FL 32303

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For Sale

$159,900

3-bedroom, 3-bathroom condo with updated appliances and community amenities.

Type:Condo/Townhome

Property size:

1,209 SF

Lot size:

0.02 Acres

Price / SF:

$132/SF

HighLights

Conveniently located close to campus, shopping centers, and parks.
Community amenities include a pool, basketball courts, and a clubhouse.
Features 3 bedrooms and 3 bathrooms.
Includes updated appliances (refrigerator, microwave, oven, washer/dryer).
Newer roof.
Well‑maintained condo unit with 1,209 square feet of living space.

We can help!

Contact an agent

Courtney McEachin

Learn more

For Sale

$159,900

3-bedroom, 3-bathroom condo with updated appliances and community amenities.

Type:Condo/Townhome

Property size:

1,209 SF

Lot size:

0.02 Acres

Price / SF:

$132/SF

Added:: Jun 2, 2024
Days on Market:: 768
Last Refresh:: Jul 4 at 11:55 pm

Property Features for 2738 W Tharpe Street 1601

General Information

Standard status: Active
Size: 1,209 SF
Lot size: 0.02 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 2004

We can help!

Contact an agent

Courtney McEachin

Listing office Keller Williams Town & Country

Listing date Jun 2, 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 Keller Williams Town & Country

HighLights

Conveniently located close to campus, shopping centers, and parks.
Community amenities include a pool, basketball courts, and a clubhouse.
Features 3 bedrooms and 3 bathrooms.
Includes updated appliances (refrigerator, microwave, oven, washer/dryer).
Newer roof.
Well‑maintained condo unit with 1,209 square feet of living space.

Overview

Located in Tallahassee, Florida, the property at 2738 W. Tharpe St., Unit #1601, is a 1,209 square foot condo featuring three bedrooms and three bathrooms. The unit includes updated appliances such as a refrigerator, microwave, oven, and washer/dryer. The property has a newer roof. Community amenities include a pool, basketball courts, and a clubhouse. The condo is located close to campus, shopping centers, and parks.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$21.8k	$18.00
− Vacancy	−$1.7k	−$1.44
EGI	$20.0k	$16.56
− OpEx	−$9.0k	−$7.45
NOI	$11.0k	$9.11

1,209 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$157.3K

$137.7K – $183.5K (±1% cap)

NOI $11,012 @ 7.0% cap · market cap 6.89%

Second Best

—

no second resolved use

Theoretical Best

Office A

$296.4K

$259.4K – $345.8K (±1% cap)

NOI $20,748 @ 7.0% cap · market cap 12.98%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Savannah Crossing Condominium Complex Stolen Base Photography Photography Service Stamina Ink LLC Painting Glam tech (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Tallahassee
County: Leon
State: Florida
Longitude: -84.3401092
Latitude: 30.4656109

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For sale
Residential income properties
FL
Tallahassee
32303
2738 W Tharpe Street 1601

What type of property is this?

Residential income property - 3-bedroom, 3-bathroom condo with updated appliances and community amenities.

Where is this residential income property located?

The property is located at 2738 W Tharpe Street 1601 Tallahassee, FL.

What is the asking price?

The asking price for this property is $159,900.

What are key features of this property?

This property features: Conveniently located close to campus, shopping centers, and parks.; Community amenities include a pool, basketball courts, and a clubhouse.; **Features 3 bedrooms and 3 bathrooms.**