Bought with NON MLS SALES NON MLS SALES • NON MLS OFFICE
$975,000
$1,025,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
1350 Irwinton Road Milledgeville, GA 31061
2 Baths
11,618 SqFt
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 11,618 sqft
Price per Sqft $83
Subdivision Milledgeville
MLS Listing ID 128394
Sold Date 06/30/22
HOA Y/N No
Annual Tax Amount $4,379
Tax Year 2021
Lot Size 1.000 Acres
Property Sub-Type Multi Unit
Property Description
Absolute turnkey investment ready to cash-flow on closing day! South Knoll Apts - 14 doors well located just south of downtown Milledgeville - 12 2br/1ba apts behind a cottage style duplex w/ 2 1br/1ba units. Mailbox money scenario with little to no maintenance for years to come! Updated and enhanced over the last year to include new roof, LVP floor covering, modern appliances and fixtures, etc all go along with excellent curb appeal to attract high quality tenants willing to pay premium market rents! Brick, individual meters, W/D hookups, this place checks all the boxes! Many long term residents on MTM leases or expiration dates coming up allow new owner to bump rents to market rates immediately OR just over time as units naturally turn. Market rents are $725 for the 2/1s and $595 for the 1/1s for a $9890 potential gross income, 7.7% proforma cap at 30% OPEX & 5% vacancy. TURNKEY!
Location
State GA
Area 11-Other
Zoning none
Interior
Interior Features Insulated, Cable TV Available, Blinds
Heating Central
Cooling Carpet, Luxury Vinyl
Flooring Carpet, Luxury Vinyl
Exterior
Exterior Feature None
Pool None
Roof Type Shingle,Architectural
Building
Story Two
Sewer Public Sewer
Water Public, County
Others
Tax ID M45 003
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