Bought with Amy Elizabeth Tep • BHGRE Metro Brokers
$525,000
$539,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 09/25/2024
Key Details
Sold Price $525,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10312958
Year Built 1969
Annual Tax Amount $9,582
Tax Year 2023
Lot Size 0.300 Acres
Property Description
THIS 8-DOOR BUILDING IS THE RIGHT ONE FOR YOUR PORTFOLIO! Located in Fort Valley and 1.6 miles away from Fort Valley State University, this is a great opportunity to purchase a turnkey building. Tenants pay for their utilities. The city picks up the trash from the dumpster which is on site. B5 is vacant, being marketed, and should be leased by the end of July, 2024. There is a parking lot in front of the building property to accommodate the residents and a mailbox unit on site for collecting all mail for each unit. Units B1, B2, B4, B6, and B8 are in annual leases, units B3 and B7 are month-to-month and B5 is actively being shown to lease. Video cameras will remain after the sale of the property. and will be transferred with the sale of the property. There could be a housing opportunity with Fort Valley State University!! CURRENT INCOME AND EXPENSES FROM SELLER: Current Gross Income with the 1 vacant unit is $62,400 with $12,000 annual expenses and $12,000 yearly insurance. A property management company is in place if you choose to use them. Security deposits are the same as the amount of rent.
Location
State GA
County Peach
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Pad
Garage Spaces 8.0
Community Features Street Lights, Walk To Schools, Walk To Shopping
Utilities Available Electricity Individual Meters
Building
Story Two
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools Hunt
Middle Schools Fort Valley
High Schools Peach County
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition As Is, Investor Owned
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067