$2,200,000
$2,150,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Acres Lot
SOLD DATE : 01/24/2025
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Green Acres
MLS Listing ID 7395175
Sold Date 01/24/25
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1973
Annual Tax Amount $12,600
Tax Year 2023
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Other
Property Description
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.
Location
State GA
County Walton
Lake Name None
Interior
Heating Central, Electric
Cooling Central Air
Window Features Insulated Windows
Exterior
Parking Features Paved, Parking Lot
Fence None
Community Features Other
Utilities Available Other
Waterfront Description None
View Other
Roof Type Other
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 Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Walker Park
Middle Schools Carver
High Schools Monroe Area
Others
Senior Community no
Tax ID N090B00000014000
Special Listing Condition None
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Bought with Keller Williams Lanier Partners