4-Unit Two-Story
For Sale
$449,000
1922 Crosby Ct A B C D, Tallahassee, FL 32304
The property includes central air conditioning, electric heat pump systems, and range and refrigerator appliances.
Property Size3,584 SF
Days on Market13
Property Features for 1922 Crosby Ct A B C D
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Residential Income
Lease Term
Other
Taxes and HOA fees
Annual Taxes
$3,371
Amenities
Central Air, Electric, Heat Pump
Heat Pump, Central, Electric
Range, Refrigerator
TwoStory
Building Details
Building Size
3,584 SF
Year Built
1980
Listing Agency:
Bulldog Properties, LLC
Listed By:
James English · License #3527466
(850) 509-6037
Source:
Evrealestate
Added: Oct 24
Changed: Nov 3
Last Checked: Nov 4 at 12:32PM
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 Bulldog Properties, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property is a two-story quadplex built in 1980. Interior features include central air conditioning, electric heat pump systems, a range, and a refrigerator.
The property is located at 1922 Crosby Ct A, B, C, and D in Tallahassee, Florida.
The property is located at 1922 Crosby Ct A, B, C, and D in Tallahassee, Florida.
Key Highlights
- Four‑unit quadplex at 1922 Crosby Ct A, B, C, and D
- Two‑story property built in 1980
- Central air conditioning and electric heat pump systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,554
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,080
$751.1K
Cap Rate 7%
$536,486
$536.5K
Cap Rate 9%
$417,267
$417.3K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$58.1K $16.20/SF
− Vacancy
−$4.4K −$1.23/SF
EGI
$53.6K $14.97/SF
− OpEx
−$16.1K −$4.49/SF
NOI
$37.6K $10.48/SF
Area
Tallahassee, FL
Vacancy
7.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,080
Cap Rate 7%
$536,486
Cap Rate 9%
$417,267
Alternative Uses
Best Use
Multifamily LT 5
$536.5K
$469.4K – $625.9K
NOI $37,554 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$466.3K
$408.0K – $544.1K
NOI $32,643 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$878.6K
$768.8K – $1.03M
NOI $61,505 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 32304, FL
50,007
Population
23,296
Households
2.1
Avg Household Size
25
Median Age
36%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
3,290
Density / Sq Mi
$30,823
Median Household Income
$14,475
Median Earnings
$1,132
Median Rent
$147,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property includes central air conditioning, electric heat pump systems, and range and refrigerator appliances.
Where is this quadplex located?
The property is located at 1922 Crosby Ct A B C D Tallahassee, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Four‑unit quadplex at 1922 Crosby Ct A, B, C, and D; Two‑story property built in 1980; Central air conditioning and electric heat pump systems
