$340,000
$425,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
1.43 Acres Lot
SOLD DATE : 08/15/2024
Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7417915
Sold Date 08/15/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1952
Annual Tax Amount $1,928
Tax Year 2023
Lot Size 1.430 Acres
Acres 1.43
Property Description
OWNER FINANCING IS AVAILABLE AS LOW AS 20% DOWN. INCOME OF $4625 FROM 5 ACTIVE UNITS WITH CURRENT LEASES. UNIT A IS A DETACHED 2/1 LEASED AT $600/MONTH THROUGH 3/2025. UNIT B AND D ARE A DUPLEX WITH 2/1 IN EACH UNIT. BOTH OF THE UNITS ARE OCCUPIED, HAVE NEW WATER HEATER, PAINT, BATHROOM, APPLIANCES AND FLOORING IN 2023. CURRENTLY LEASED AT $975/UNIT THROUGH 3/2025. UNIT F IS A DETACHED 2/1 THAT JUST BEEN UPDATED, NEW PAINT AND FLOORING AND APPLIANCES AND IS LEASED AT $975 THROUGH 4/2025. UNIT C IS A DETACHED 3/1 THAT IS LEASED AT $1100/MONTH THROUGH 8/2024. FIFTH BUILDING IS A DUPLEX THAT NEEDS A FULL RENOVATION INCLUDING STRUCTURAL REHAB.EACH OF THESE UNITS SHOULD BE A 2/1 AND MARKET RENTS FOR THAT BUILDING ARE APPROXIMATELY $1000/UNIT. ALL BUILDINGS HAVE NEWER METAL ROOFS. TONS OF UPSIDE ON THIS DEAL. PROPERTY MANAGEMENT AVAILABLE. DO NOT DISTURB TENANTS. NO WALKTHROUGHS UNTIL DUE DILIGENCE. LISTING AGENTS ARE PRINCIPALS IN THE HOLDING CORPORATION OF THE PROPERTY. NO DISCLOSURES AVAILABLE. EACH UNIT IS INDIVIDUALLY METERED FOR WATER AND POWER. ON CITY SEWER.
Location
State GA
County Baldwin
Lake Name None
Interior
Heating Central, Electric, Heat Pump
Cooling Heat Pump
Window Features None
Exterior
Parking Features None
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available
Waterfront Description None
View City
Roof Type Metal
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Cedar,Vinyl Siding,Wood Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Lakeview Primary/Lakeview
Middle Schools Oak Hill
High Schools Baldwin
Others
Senior Community no
Tax ID M55028
Special Listing Condition None
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