2012 Sheridan RdTallahassee, FL 32303
$349,900
Est. $353,000
- 2,092 sqft
- 4 beds
- 3 baths
About this home
- Multiple bedrooms and bathrooms
- Spacious floor plan
2012 Sheridan Road presents an excellent opportunity to acquire a cash-flowing investment property in one of Tallahassee's most established rental markets. Featuring a spacious floor plan with multiple bedrooms and bathrooms, the property is well-positioned to serve the continued demand for student, workforce, and shared housing in the area.
The property is currently leased with tenants paying $3,250 per month through December 31, 2027, providing investors with immediate income and long-term lease security. With over 18 months of remaining term, buyers can benefit from predictable cash flow from day one of ownership.
Conveniently located near Florida State University, Florida A&M University, downtown Tallahassee, state offices, shopping, dining, and major transportation corridors, the property enjoys strong rental fundamentals driven by a diverse and growing tenant base.
Whether you're looking to expand your portfolio, complete a 1031 exchange, or acquire a stable income-producing asset, 2012 Sheridan Road offers an attractive combination of current cash flow, lease security, and long-term investment potential.
Property history
Listed for sale
Jun 5, 2026
$349,900
Down 4.0%$167/sqftListing removed
Apr 29, 2026
$365,000
$174/sqftPrice change
Jan 8, 2026
$365,000
Down 3.0%$174/sqft
Monthly payment estimate
$2,562/mo
- Principal & interest
- $1,938
- Property tax
- $519
- Home insurance
- $105
Down payment · $69,980
Estimate only, using local tax and insurance figures. Your actual payment depends on your lender. Starting rate: Freddie Mac's 30-year fixed average, week of Oct 15.
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