2925 Par Lane Unit A,B,C,D
Tallahassee, FL 32301
- – beds
- – baths
- 3,712 sqft
- $165 per sqft
- 1979 build
- – on site
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Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D.
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Last updated Mar 12, 2025
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MLS# 370901 —
The Building
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Year Built:1979
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Architectural Style:TwoStory
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# of Units Total:4
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Patio And Porch Features:Patio,Porch,Screened
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Construction Materials:Brick,Other
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Building Area Total:3712.0
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Building Area Source:Assessor
Interior
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Interior Features:Pantry
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Flooring:Clay,CeramicTile,Laminate,Vinyl
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Fireplace:false
Financial & Terms
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Possession:CloseOfEscrow
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Lease Considered:false
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Lease Term:TwelveMonths
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Rent Includes:Gardener,PestControl
Location
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Directions:From downtown go East on Apalachee Pkwy, Right on Right Blairstone, left on Kay until you hit Par
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Latitude:30.413665
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Longitude:-84.246538
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Lot Size Dimensions:158x205x152x175
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Parcel Number:12073-31-08-21-000-00A-0
Listing Agent
- Contact info:
- Agent phone:
- (850) 567-0037
- Office phone:
- (850) 668-1000
Taxes
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Tax Lot:-
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Tax Annual Amount:4180.0
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,CeilingFans,Electric
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Cooling:true
Appliances
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Appliances:Dishwasher,Range,Refrigerator
Schools
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Elementary School:CONLEY ELEMENTARY
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Middle Or Junior School:FAIRVIEW
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High School:RICKARDS
The Community
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Subdivision Name:Par 4 Condominiums
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Pool Private:false
Parking
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Parking Features:Unassigned
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/20/24
Dec 20, 2024
|
Sold | CATRS | $615,000 | -0.6% |
|
6/14/24
Jun 14, 2024
|
Listed / Active | CATRS | $619,000 | 89.3% (13.6% / YR) |
|
11/28/17
Nov 28, 2017
|
CATRS | $327,000 |
