1640 Willow Bend Way - Tallahassee, FL 32301
Fully rented quadraplex with recent updates and new roof.
Property Features for 1640 Willow Bend Way -
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1978
Listing office Regal Homes, LLC (850) 528-5843
Listing date Nov 26, 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 Regal Homes, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Fully rented quadraplex providing immediate rental income.
- New roof installed in 2024.
- Updated units feature vinyl plank floors, paint, appliances and light fixtures.
Local Financial Insights For Multifamily LT 5
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 | $58.1k | $16.20 |
| − Vacancy | −$4.4k | −$1.23 |
| EGI | $53.6k | $14.97 |
| − OpEx | −$16.1k | −$4.49 |
| NOI | $37.6k | $10.48 |
