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Listed by Aziz Izmour • Compass
$2,150,000
Est. payment /mo
2 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Under Contract
Purchase Type For Sale
Subdivision Green Acres
MLS Listing ID 10309067
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $12,600
Tax Year 2023
Lot Size 2.000 Acres
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
Rooms
Basement None
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Other
Building
Story One
Sewer Public Sewer
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Walker Park
Middle Schools Carver
High Schools Monroe Area
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Renee Stutts
REALTOR®/Sales Advisor | License ID: 408104
REALTOR®/Sales Advisor License ID: 408104