Tallahassee Condo Near
2738 W Tharpe Street 1601 Tallahassee, FL 32303
3-bedroom, 3-bathroom condo with updated appliances and community amenities.
Type:Condo/Townhome
Property size:
1,209 SFLot size:
0.02 AcresPrice / 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
Listing office Keller Williams Town & Country (850) 597-2553
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
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
NOI $20,748 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Savannah Crossing
Condominium Complex
Stolen Base Photography
Photography Service
Stamina Ink LLC
Artist
Glam tech
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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.**
