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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
Sold Date 08/15/24
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 1952
Annual Tax Amount $1,928
Tax Year 2023
Lot Size 1.430 Acres
Acres 1.43
Lot Dimensions 1.43
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
Rooms
Basement Crawl Space
Interior
Heating Central, Electric, Heat Pump
Cooling Heat Pump
Fireplace No
Exterior
Parking Features None
Community Features None
Utilities Available Electricity Individual Meters, Sewer Connected, Water Individual Meters
View Y/N No
Garage No
Private Pool No
Building
Faces From 441 Bus, West on Garrett Way, Left on Lata Terrace. Property is on the left side.
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
Elementary Schools Lakeview
Middle Schools Oak Hill
High Schools Baldwin
Others
HOA Fee Include None
Tax ID M55 028
Special Listing Condition Resale
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