A rare, income-producing quadraplex with a high REI return this great investment opportunity is located in a stable college-town market: 416 Belmont Road is a fully leased 4 unit (with option to convert up to 10), turnkey asset that delivers immediate cash flow and predictable operating performance. Comprised of four identical 2-bed/1-bath units, the property benefits from consistent demand driven by students, faculty, and young professionals, providing a diversified tenant base and lower vacancy risk than a single-unit investment. From an investor perspective, this is a cash-flowing property that can be acquired and managed at scale, making it an efficient entry or add-on for portfolios targeting steady, rental-driven returns.

Located in the 32301 ZIP code and less than three miles from Florida State University and Florida A&M University, the asset sits within a high-demand rental corridor. The building’s single-story concrete block construction and recent improvements (including a new roof in 2022) reduce near-term capital needs and operating volatility. Nearby retail nodes like Mahan Square and Magnolia Grove, plus access to cafes, restaurants and recreational trails, enhance tenant desirability, translating into reliable occupancy and rent-growth tailwinds that support long-term cash flow stability.

Situated in the Governors Square / East Tallahassee submarket, the property benefits from mature neighborhoods, solid infrastructure, and proximity to major employment and education centers. Recent transactional activity in the area demonstrates investor appetite and price appreciation, underscoring a market environment that supports both short-term income and longer-term capital growth. For investors focused on stability, the mix of institutional employers and student demand creates a resilient rent base that is less cyclical than many other rental markets.

The building configuration, four separate 2-bed/1-bath units of roughly 756 sq. ft. each offers operational simplicity and scale efficiencies (single roofline, common systems, uniform unit mix). With all units leased and recent capital improvements in place, the property minimizes immediate CapEx while delivering a clear path to underwrite financing using current rent rolls. Investors can pursue conventional debt to leverage acquisition returns, apply professional property management to maintain occupancy, and evaluate modest rent updates or unit turnover strategies to enhance cash-on-cash returns. In short: a turnkey, cash-flowing investment with durable tenant demand and a low near-term capital profile, well suited to buy-and-hold strategies or portfolio scaling.