Wadsworth Duplexes For
910-912 Wadsworth Street - Tallahassee, FL 32304
910-912 Wadsworth Street -, Tallahassee, FL, 32304
$575,000
For Sale
$575,000
Two side-by-side duplexes, fully occupied, generating rental income.
Property Size1,620 SF
Price / SF$354.94
Days on Market590
Property Features for 910-912 Wadsworth Street -
General Information
- Standard status
- Active
- Size
- 1,620 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing Agency
Tallahassee Real Estate Sol.
(850) 339-6995
Listed by
Peggy Dye · License #3392974
Source
Exitrealty
Added: Dec 6, 2024 Checked: Jul 19 at 4:29 am
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 Tallahassee Real Estate Sol.
Investment Insights
Based on property information with market context.
The properties at 910 and 912 Wadsworth Street are available for sale, along with 902 Wadsworth and 1402 Nylic. These properties consist of two sets of side-by-side duplexes, offering potential for expansion. The total rental income for all four units is $4,230.00. The combined property size is 1,620 square feet. The properties are 100% tenant occupied and professionally managed. A newer roof was installed in April 2020.
Key Highlights
- Income‑Generating Property: 100% Tenant Occupied, generating $4,230.00 monthly across 4 units.
- Investment Opportunity: Two duplexes offered for $575,000, with potential for future expansion.
- Professionally Managed: Currently managed by Tallahassee Real Estate Solutions.
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 | $26.2k | $16.20 |
| − Vacancy | −$2.0k | −$1.23 |
| EGI | $24.2k | $14.97 |
| − OpEx | −$7.3k | −$4.49 |
| NOI | $17.0k | $10.48 |
1,620 SF · lease $16.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$242.5K
$212.2K – $282.9K
NOI $16,975 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,755 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$397.2K
$347.5K – $463.4K
NOI $27,801 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two side-by-side duplexes, fully occupied, generating rental income.
Where is this duplex located?
The property is located at 910-912 Wadsworth Street - Tallahassee, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Income‑Generating Property: 100% Tenant Occupied, generating $4,230.00 monthly across 4 units.; Investment Opportunity: Two duplexes offered for $575,000, with potential for future expansion.; Professionally Managed: Currently managed by Tallahassee Real Estate Solutions.
