Bought with Sean C Tintle • Red Bird GA
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Key Details
Sold Price $340,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10334762
Year Built 1952
Annual Tax Amount $1,928
Tax Year 2023
Lot Size 1.430 Acres
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
Interior
Heating Central, Electric, Heat Pump
Cooling Heat Pump
Exterior
Parking Features None
Community Features None
Utilities Available Electricity Individual Meters, Sewer Connected, Water Individual Meters
Building
Story One
Sewer Public Sewer
Schools
Elementary Schools Lakeview
Middle Schools Oak Hill
High Schools Baldwin
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