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Key Details
Sold Price $525,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7398762
Sold Date 09/25/24
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1969
Annual Tax Amount $5,825
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
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.
Seller is NOT open to Seller financing.
Location
State GA
County Peach
Lake Name None
Interior
Heating Central
Cooling Central Air, Separate Meters
Flooring Laminate
Window Features None
Exterior
Garage Parking Lot
Fence None
Community Features Near Schools, Near Shopping, Street Lights
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Other
Roof Type Metal
Accessibility None
Handicap Access None
Total Parking Spaces 8
Private Pool false
Building
Lot Description Level, Street Lights
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
New Construction No
Construction Status Resale
Schools
Elementary Schools Hunt
Middle Schools Fort Valley
High Schools Peach County
Others
Senior Community no
Tax ID F05A017
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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Bought with BHGRE Metro Brokers
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