Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight