Bought with Roy Rhodes • RE/MAX OF VALDOSTA
$425,000
$450,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
300 N Taylor Street Nashville, GA 31639
8 Baths
7,468 SqFt
Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 7,468 sqft
Price per Sqft $56
MLS Listing ID 125237
Sold Date 07/20/21
HOA Y/N No
Annual Tax Amount $3,864
Tax Year 2020
Lot Size 0.390 Acres
Property Sub-Type Multi Unit
Property Description
Excellent 6 unit apartment building that is 100% occupied with great, long-term tenants that are all current. All units are 2Br/2.5Ba. With $40,200 gross annual income and a proforma operating expense of 25%, the current cap rate is 6.35%. Rents could easily be raised to $43,200. During the turnover of unit 2, the seller added LVP floors downstairs and made a few cosmetic updates to increase the rent to $600, and it rented immediately. Units 1 and 3-6 are all leased for $550/month, and unit 2 is $600. Unit 3 had a new heat pump in 2019, unit 1 had a new heat pump in 2021, and unit 1 had new carpet upstairs in 2021. Don't miss this turn-key investment
Location
State GA
Area 9-Berrien County
Zoning R-6
Interior
Interior Features Cable TV Available
Heating Other
Cooling Carpet, Luxury Vinyl, Vinyl
Flooring Carpet, Luxury Vinyl, Vinyl
Exterior
Exterior Feature None
Roof Type Architectural
Porch Other-See Remarks, Rear
Building
Story Two
Sewer Public Sewer
Water Public
Others
Tax ID N15 84 000
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