$779,900
Exceptional new-construction duplex offering luxury finishes, strong rental income and outstanding future flexibility. 226 E Bradford Road features two spacious residences, each offering approximately 1,700 square feet with 3 bedrooms and 2.5 baths. The property can be purchased together as one duplex, making it an excellent option for an investor or an owner-occupant who wants to live in one side and lease the other for $2,500 per month. Each residence was built with a level of quality rarely found in traditional multifamily construction, including 10-foot ceilings, 8-foot doors, granite throughout, oversized walk-in pantries, spray-foam insulation and upscale finishes throughout. The property was also constructed to applicable standards intended to accommodate future condominium conversion and separate ownership, including enhanced fire separation above and beyond typical firewall requirements between the units, providing an additional layer of separation and flexibility. Both residences currently command $2,500 per month in rent, creating combined gross rental income of $5,000 per month / $60,000 annually when both sides are leased. For investors, the property offers multiple potential strategies: hold both residences as rentals, occupy one while collecting income from the other, or potentially pursue individual ownership and resale in the future subject to completion of the required condominium documents, approvals and recording. When valued individually, the two residences previously appraised at approximately $439,000 EACH — approximately $878,000 combined. Two luxury residences. $60,000 in annual gross rental income. Live in one and rent the other, lease both, or explore future individual ownership. A truly unique multifamily opportunity.
404425
MLS
226 E Bradford Road Unit A & B, Tallahassee