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Property profile & analytics
OFF-MARKET
Apartment buildings

1660 Kay Ave Tallahassee, FL 32301

Property ID
Property summary
AI-generated overview

This exceptional eight-unit apartment building presents a lucrative investment opportunity in Tallahassee, Florida. Located in the desirable Hilaman Park neighborhood, this property boasts a prime location offering convenient access to Southwood Community, Governor Square Mall, Apalachee Parkway, and Downtown Tallahassee. Each unit averages 1,235 square feet, and all units underwent a complete update in 2023. Six of the eight units are fully furnished, providing immediate rental income potential. The property's unique setting overlooks the 14th green of the Hilaman Golf Course, an 18-hole municipal course, adding to its appeal. The surrounding area is rich with amenities, including numerous grocery stores, restaurants, shops, and professional offices. This multifamily property offers flexibility for both long-term and short-term rentals, including potential Airbnb opportunities. The asking price is $1,595,000, and owner financing is available, making this an attractive proposition for discerning investors. The property is situated at 1660 Kay Ave, Tallahassee, FL 32301, in Leon County.

Property profile
Verified
Property type Apartment buildings
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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