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2510 Fred Smith Road #-

Tallahassee, FL 32303
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Bed 7

Bed

Bath 5

Bath

Turnkey quadplex investment opportunity offering strong in-place income and major recent improvements! This well-maintained and updated property generates $58,440 in annual gross rental income, with all four units currently leased through February 2027, providing immediate cash flow from day one. Recent capital improvements include updated HVAC systems and electrical improvements completed in 2024, per City of Tallahassee permits, plus the added durability of a metal roof. Ideally situated between Monroe Street and Old Bainbridge Road, the property offers convenient access to I-10, Downtown Tallahassee, Midtown, restaurants, shopping, entertainment, movie theaters, and other everyday amenities, making it an attractive and convenient rental location. With established tenants, strong existin g income, updated major systems, and no immediate lease-up required, this is an excellent opportunity to add a stabilized, income-producing multifamily asset to your portfolio.

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Detail Ic Property Details

Property Type : Residential

Price : $450,000

AD Id : 91679111

MLS Id : 405685

Beds : 7

Year Built : --

County : Leon

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Feature Features

  • Interior Features

    Appliances: Dishwasher, Range, Refrigerator, RefrigeratorWithIceMaker
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Building Area Total: 3207
    Construction Materials: Block, Concrete, Stucco
    Stories: 1
    Private Pool: No

  • Listing Price Information

    Listing Price: $450000
    Cash, Conventional, FHA, VaLoan

  • Tax Information

    Parcel Number: 12073-21-14-20-625-000-0 Tax Lot: 7 Tax Block: -

  • School Information

    Elementary School: RUEDIGER Junior High School: GRIFFIN Senior High School: LEON
  • Location Information

    Direction: Monroe St S, R Calloway, R Fred Smith
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ByOwner last updated this listing 10/06/2026 @ 04:32

MLS: 405685 LISTED BY: Danielle Andrews, Realty One Group Next Gen 850-391-7337 SOURCE: TBRMLS

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