Viewing Listing MLS# 386941056
Monroe, GA 30656
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1973Year Built
- 2.00Acres
- MLS# 386941056
- Multifamily
- Other
- Pending
- Approx Time on Market4 months,
- AreaN/A
- CountyWalton - GA
- Subdivision Green Acres
Overview
This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer connections, and there are additional storage units available for rent, providing potential for extra income. The property's prime location is convenient to Walton Piedmont Hospital, making it ideal for traveling nurses, and is close to the Facebook Data Center, Athens, Loganville, and within a 45-minute drive to Atlanta. This combination of updated amenities and strategic location makes the property highly attractive to tenants, ensuring consistent occupancy and strong revenue potential.
Association Fees / Info
Hoa: No
Community Features: Other
Bathroom Info
Building Info
Habitable Residence: No
Number of Units Total: 16
Exterior Features
Fence: None
Pool Private: No
County: Walton - GA
Acres: 2.00
Financial
Original Price: $2,400,000
Operating Expense: 34942
Owner Financing: No
Cap Rate: 8
Gross Income: 21,460
Garage / Parking
Parking Features: Paved, Parking Lot
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Other
Lot Features: Level
Misc
Property Attached: No
Home Warranty: No
Open House
Other
Property Info
Construction Materials: Brick 4 Sides
Year Built: 1,973
Property Condition: Resale
Roof: Other
Property Type: Residential Income
Rental Info
Land Lease: No
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: None
Tax Info
Tax Amount Annual: 12600
Tax Year: 2,023
Tax Parcel Letter: N090B00000014000
Unit Info
Utilities / Hvac
Cool System: Central Air
Heating: Central, Electric
Utilities: Other
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
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