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    1244 Continental Ct Tallahassee, FL 32304

    Sponsored
    For Sale
    $436,380

    Four-unit, 100% leased complex

    Property size:
    640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a four-unit townhome complex located at 1244, 1246, 1248, and 1250 Continental Ct, Tallahassee, FL 32304. Built in 1982, this Class B multifamily property consists of four single-story buildings, each featuring one-bedroom, one-bathroom townhomes. The units boast 640 to 2,560 square feet and are currently 100% leased, offering immediate cash flow. Each townhome includes updated kitchens and appliances, updated bathrooms, a small backyard patio, and convenient front door parking. The property benefits from central heat and air, updated kitchen appliances (dishwasher, refrigerator, stove), tray ceilings in the kitchen and bathroom, vaulted ceilings in select units, window treatments, and handicap accessibility in at least one unit. The location is highly desirable, situated on the west side of Tallahassee, just off Ocala Street, providing easy access to Ocala Street and Tennessee Street. Its proximity to restaurants, shops, and grocery stores enhances its appeal. Furthermore, its convenient location near Florida State University, Florida A&M University, and Tallahassee Community College ensures a consistent tenant pool. The property is zoned MR-1. The asking price is $436,380, representing $109,095 per unit (units sold together, not separately). Detailed financial information is available upon request.

    Property Features for 1244 Continental Ct

    General Information

    Property type
    Multifamily properties
    Square Feet
    640 SF
    Class
    B

    Building Details

    Year Built
    1982
    Buildings
    4
    Stories
    1

    HighLights

    • Four‑unit townhome complex in Tallahassee, FL, built in 1982.
    • 100% leased, offering immediate cash flow.
    • Units range from 640 to 2,560 square feet, each with updated kitchens and bathrooms.
    • Desirable West Tallahassee location near FSU, FAMU, and TCC, with easy access to major streets and amenities.
    • Asking price: $436,380 ($109,095 per unit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallahassee
    County
    Leon
    State
    Florida
    Longitude
    -84.318777013337
    Latitude
    30.454697362055

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit, 100% leased complex
    Where is this multifamily property located?
    The property is located at 1244 Continental Ct Tallahassee, FL.
    What is the asking price?
    The asking price for this property is $436,380.
    What are key features of this property?
    This property features: Four-unit townhome complex in Tallahassee, FL, built in 1982.; 100% leased, offering immediate cash flow.; Units range from 640 to 2,560 square feet, each with updated kitchens and bathrooms.
    (850) 385-6363
    Request Owner's contact information
    1244 Continental Ct Tallahassee, FL 32304
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    Tallahassee, FL 32304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1244 Continental Ct Tallahassee, FL 32304
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