Property Attached YN: Yes

Unit Type: Other

Current Price: $72,000

Property Sub Type: Condominium

Status: Active

List Price: $72,000

Listing Contract Date: 2026-04-13

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

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: 89.11

Bedrooms Total: 2

Bathrooms Full: 1

Bathrooms Total: 1

Year Built: 1984

Dishwasher: 1

Dryer: 1

Electric Range: 1

Freezer: 1

Gas Range: 1

Ice Maker: 1

Central Air: 1

Residential: 1

Central: 1

Cash: 1

Conventional: 1

FHA: 1

Lease Option: 1

Owner May Carry: 1

VA Loan: 1

Additional Parking: 1

Unassigned: 1

Close Of Escrow: 1

Subject To Tenant Rights: 1

Cable Connected: 1

Sewer Available: 1

Water Connected: 1

Public: 1

DPR Eligible: Yes

Primary Bedroom: 1

Other Room: 1

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**

Major Change Timestamp: 2026-04-24T21:58:39Z

Major Change Type: Price Reduced

Price Change Timestamp: 2026-04-24T21:58:39Z