317 MABRY STREET Street 611

Tallahassee, FL 32304

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 HOA covers exterior maintenance, amenities, and grounds, while 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 addition to any rental portfolio.

Listing courtesy of JODDIE MCCLAIN of KELLER WILLIAMS FIRST COAST REALTY



Listing information is provided by Participants of the Northeast Florida Multiple Listing Service(dba realMLS). IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northeast Florida Multiple Listing Service(dba realMLS).
Last checked: 2026-04-14 01:25 PM UTC