997 Sutor Rd, Tallahassee, FL 32311

4-unit turnkey brick quadruplex now priced at $499,000 with in-place rents of $1,100/month!

This quad offers all the benefits of a thriving state capital market with strong rental demand and a prime southeast location. Brick construction situated on 0.21 acres, just steps from A-rated Lincoln High School. Three of four units are currently occupied at $1,100/month, the 4th was recently vacated and is ready for immediate move-in. Owner is keeping it vacant during the marketing period for tours. Current tenants have occupied the property for an average of 2.5 years, with the longest tenancy being 4 years and the shortest tenancy over a year.

All four units are identical layouts, each 2 bedroom/1 bathroom at 777 SF. Unit features include private covered patio/deck areas with outside washer/dryer utility rooms, spacious living room/kitchen areas, and ample cabinet space. Tenants pay all utilities — City water and sewer. The roof was replaced in 2011, and the building’s brick construction provides long-term durability. Total building is 3,108 SF across a single 2-story structure.

Centrally located with easy access to Governor’s Square, downtown Tallahassee, Florida State University, and FAMU, this asset sits in a high-demand rental corridor with a built-in tenant base. This property has a fantastic occupancy history and strong rental rates — see below link to marketing package for additional information.