116 Ivey St Richmond Hill, GA 31324
Estimated payment $3,374/month
Total Views
5,880
7
Beds
3
Baths
3,982
Sq Ft
$132
Price per Sq Ft
Highlights
- No HOA
- Front Porch
- Bungalow
- Dr. George Washington Carver Elementary School Rated A-
- Window Unit Cooling System
- Central Heating and Cooling System
About This Home
Exceptional Investment Opportunity –Richmond Hill Triplex w/ As Is Monthly rental potential $4395-good cash flow
Seize this rare opportunity to own a well-maintained, income-producing triplex in the heart of Richmond Hill! This versatile property features two 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, offering ample living space for tenants.
The seller has invested over $55,000 in recent upgrades, including new HVAC systems and plumbing enhancements, ensuring long-term reliability and added value. There’s also potential to further increase rental income and equity with additional updates, making this a savvy investment. Prime Location: Conveniently located near Highway 17 and I-95, tenants enjoy easy access to shopping, dining, and top-rated schools, making this property highly desirable.
This is more than just an investment—it's a chance to own a piece of Richmond Hill’s rich history while securing strong rental income in one of Georgia’s most sought-after communities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,689
Year Built
- Built in 1940
Home Design
- Bungalow
Interior Spaces
- 3,982 Sq Ft Home
- 1-Story Property
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- Parking Lot
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
- Electric Water Heater
Additional Features
- Front Porch
- 0.29 Acre Lot
Community Details
- No Home Owners Association
- 3 Units
- Daybreak Pm Llc Association, Phone Number (385) 337-8188
- Richmond Hill Subdivision
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 0532-141
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,689 | $199,680 | $22,000 | $177,680 |
| 2023 | $4,671 | $162,480 | $22,000 | $140,480 |
| 2022 | $2,129 | $67,800 | $22,000 | $45,800 |
| 2021 | $2,072 | $65,720 | $22,000 | $43,720 |
| 2020 | $1,907 | $65,720 | $22,000 | $43,720 |
| 2019 | $2,093 | $65,200 | $22,000 | $43,200 |
| 2018 | $1,598 | $54,160 | $18,000 | $36,160 |
| 2017 | $1,570 | $57,160 | $16,000 | $41,160 |
| 2016 | $1,583 | $57,200 | $16,000 | $41,200 |
| 2015 | $1,584 | $56,680 | $16,000 | $40,680 |
| 2014 | $1,492 | $53,280 | $16,000 | $37,280 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | For Sale | $525,000 | -4.4% | $132 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $549,000 | +28.5% | -- |
| 02/18/2022 02/18/22 | Sold | $427,200 | +0.5% | $107 / Sq Ft |
| 02/03/2022 02/03/22 | For Sale | $425,000 | -- | $107 / Sq Ft |
Source: Savannah Multi-List Corporation
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Limited Warranty Deed | $507,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Similar Home in Richmond Hill, GA
Source: Savannah Multi-List Corporation
MLS Number: 327755
APN: 0532-141
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