1,816 Sqft Lot
1,816 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 7705995
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1984
Annual Tax Amount $4,117
Tax Year 2024
Lot Size 1,816 Sqft
Acres 0.0417
Property Sub-Type Quadruplex
Source First Multiple Listing Service
Property Description
Current cap rate of approximately **8.81%**, this property promises solid returns and significant potential for growth in a thriving neighborhood.
**Property Highlights:**
**Renovated Units**: Each of the four units has been tastefully updated with modern finishes, including stainless steel appliances, vinyl flooring, granite counter tops, tiled bathroom, painted interior and exterior for a refreshed look, and washer and dryer connections.
**Strong Rental Income**: With a proven track record of consistent rental income, the property boasts a Net Operating Income (NOI) of **$50,743.44**, providing a reliable cash flow for investors.
**Low Maintenance**: Recent renovations and updates mean fewer immediate expenses, allowing for a hassle-free ownership experience.
This quadruplex not only offers a robust return on investment but also the potential for substantial appreciation as the area continues to grow. Whether you're an experienced investor or looking to expand your portfolio, this property is a must-see!
**Don't miss out on this rare opportunity to own a piece of a flourishing community.
Property sold AS-IS- No disclosure as the owners info is limited to ownership and they have never lived in the building. . However, it has been exceptionally maintainedPOF required for all showings. DO NOT disturb THE TENANTS . ALL info deemed reliable but not guaranteed. It is up to the agent and buyer to do their due diligence to confirm accuracy.
Location
State GA
County Fayette
Area None
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Luxury Vinyl
Window Features Aluminum Frames
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 4
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Updated/Remodeled
Schools
Elementary Schools Spring Hill
Middle Schools Bennett'S Mill
High Schools Fayette County
Others
Senior Community no
Tax ID 052408006
