317 MABRY STREET Street 611, Tallahassee, FL 32304
$69,000
Property Type:
Residential
Bedrooms:
2
Baths:
1
Square Footage:
808
Status:
Active
Current Price:
$69,000
List Date:
4/13/2026
Last Modified:
5/03/2026
Description
This turn-key 2-bedroom, 1-bath condo at 317 Mabry Street, Unit 611, Tallahassee, FL 32304, offers immediate and reliable cash flow with a long-term tenant secured through May 2027 at $900 per month. The property features a brand-new roof, adding major value and reducing future capital expenses for investors. Located in a quiet, tree-lined community just minutes from FSU, FAMU, and TCC, this condo sits in one of Tallahassee's strongest rental corridors with consistent year-round demand. The low $275 monthly condo fees include water, sewer, trash, roof and exterior maintenance, community pool and common area maintenance. Residents enjoy access to a community pool and center in a serene, well-maintained setting close to shopping, transit, and major employers. With seller financing available, buyers can maximize leverage and enhance cash-on-cash returns. Based on current rent and expenses, the property delivers an estimated 8.9%-10.1% cap rate, making it an excellent
More Information MLS# 2139725
Contract Information
Property Attached YN: Yes
Unit Type: Other
Current Price: $69,000
Property Sub Type: Condominium
Status: Active
List Price: $69,000
Listing Contract Date: 2026-04-13
Location, Tax, and Legal
Unit Number: 611
Country: US
Parcel Number: 21346231300D0
Tax Legal Description: Mystic Wood Condos
34 IN 1W 1ST FLOOR
UNIT D BLDG 313 PHASE 1
Elementary School: Other
Middle School: Other
High School: Other
General Property Information
Bathrooms Half: 0
Living Area: 808
Living Area Source: Appraiser
CDD Fee YN: No
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Homestead YN: No
Association Fee: 275
Association Fee Frequency: Monthly
Waterfront YN: No
Senior Community YN: No
Directions: 1-10 W to Tallahassee, Florida
Exit 199
South to Mabry Street
Turn left on Mabry Street
Condo Unit 611
Public Remarks: This turn-key 2-bedroom, 1-bath condo at 317 Mabry Street, Unit 611, Tallahassee, FL 32304, offers immediate and reliable cash flow with a long-term tenant secured through May 2027 at $900 per month. The property features a brand-new roof, adding major value and reducing future capital expenses for investors. Located in a quiet, tree-lined community just minutes from FSU, FAMU, and TCC, this condo sits in one of Tallahassee's strongest rental corridors with consistent year-round demand. The low $275 monthly condo fees include water, sewer, trash, roof and exterior maintenance, community pool and common area maintenance. Residents enjoy access to a community pool and center in a serene, well-maintained setting close to shopping, transit, and major employers. With seller financing available, buyers can maximize leverage and enhance cash-on-cash returns. Based on current rent and expenses, the property delivers an estimated 8.9%-10.1% cap rate, making it an excellent
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Furnished: Furnished
Stories: 1
Stories Total: 1
List Price/SqFt: 85.4
Bedrooms Total: 2
Bathrooms Full: 1
Bathrooms Total: 1
Year Built: 1984
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Freezer: 1
Gas Range: 1
Ice Maker: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Lease Option: 1
Owner May Carry: 1
VA Loan: 1
Parking Features
Additional Parking: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Utilities
Cable Connected: 1
Sewer Available: 1
Water Connected: 1
Water Source
Public: 1
DPR Eligible
DPR Eligible: Yes
Room Types
Primary Bedroom: 1
Other Room: 1
Location Tax and Legal
Street Number: 317
Street Name: MABRY STREET
Street Suffix: Street
County: Leon
State: FL
Postal Code: 32304
MLS Area Major: 992-Out Of Area-West
Subdivision Name: **verifying Subd**
Status Change Information
Major Change Timestamp: 2026-05-03T16:22:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-03T16:22:37Z
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Freezer; Gas Range; Ice Maker
Utilities: Cable Connected; Sewer Available; Water Connected
Cooling: Central Air
Heating: Central
Water Source: Public
Parking Features: Additional Parking; Unassigned
Current Use: Residential
Possession: Close Of Escrow; Subject To Tenant Rights
Listing Terms: Cash; Conventional; FHA; Lease Option; Owner May Carry; VA Loan
Room Types: Primary Bedroom; Other Room
Room Information
Other
Primary Bedroom
Listing Office:
KELLER WILLIAMS FIRST COAST REALTY
Last Updated: May - 03 - 2026
Information deemed reliable but not guaranteed.