317 MABRY STREET Street 611, Tallahassee, FL 32304 (MLS# 2139725)

Current Price: $69,000

Property Sub Type: Condominium

Property Attached YN: Yes

Status: Active

List Price: $69,000

Listing Contract Date: 2026-04-13

Unit Type: Other

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**

Bedrooms Total: 2

Bathrooms Full: 1

Bathrooms Total: 1

Living Area: 808

Living Area Source: Appraiser

Year Built: 1984

Accessory Dwelling Unit Y/N: No

Homestead YN: No

Association YN: Yes

Association Fee: 275

Association Fee Frequency: Monthly

CDD Fee YN: No

Accessibility Features YN: No

New Construction YN: No

Garage YN: No

Carport YN: No

Pool Private YN: No

Water Body Access YN: No

Waterfront YN: No

Furnished: Furnished

Stories: 1

Stories Total: 1

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

List Price/SqFt: 85.4

Major Change Timestamp: 2026-05-03T16:22:37Z

Major Change Type: Price Reduced

Price Change Timestamp: 2026-05-03T16:22:37Z

DPR Eligible: Yes