214 CACTUS ST Tallahassee, FL 32304

Location, location, location, and Walk to Florida State University, buy it and rent it out, you can even convert the garage into an additional bedroom (check w/zoning), an excellent opportunity for a person who wants their kid(s) to go to school there and be an owner. Attention Investors, an excellent investment opportunity, as a rental cap rate of 10.75% for a single rental. A 17% cap rate for converting the room (legally) and renting the rooms out to college attendees at $800/month. the home is origional, but well maintained. there is a porch in the rear for additional outdoor space. the 1 car garage can be used for storage or for a conversion. The home is half brick and half wood exterior, it does need minor changes, carpeting to tile, but nothing major. the home sits on almost 1/2 acre in a very quiet and serene neighborhood, again, just blocks from the campus. The slab in solid concrete and has central ac and heating. Roof is from 2007, laundry is in the garage.