$230,000
$69K PRICE DROP

Estimated payment $1,334/month

Total Views 16,344
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Property is near schools
  • Laundry Facilities
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

Investment Opportunity Near Mercer University - Priced to Sell! Looking for your next income-producing property? This five-bedroom residential investment property is just 0.25 miles from Mercer University and offers outstanding potential with strong rental demand in the area. Each of the five spacious rooms features a private bathroom and large walk-in closet, making it an ideal setup for student housing or individual rentals. The home also includes a shared kitchen and a stackable washer/dryer unit for tenant convenience. With full occupancy, this property can generate approximately $40,000 in gross annual income, providing excellent cash flow for the right investor. There is currently no designated common area, but one room could easily be converted into a shared living space to enhance tenant appeal and increase rental value. While the property needs some updates, it's priced to sell and offers tremendous upside potential for investors ready to bring their vision to life. The seller is motivated and ready to make a deal.

Listing Agent

Karena Zaloudek

Southern Classic Realtors Brokerage Phone: 770-653-1059 License #418913 Listed on: 01/23/2025

Southern Classic Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,446

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot

Home Design

  • House
  • Pillar, Post or Pier Foundation
  • Block Exterior

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Parking Pad
  • Side or Rear Entrance to Parking
  • Off-Street Parking

Location

  • Property is near schools
  • Property is near shops

Schools

  • Ingram Pye Elementary School
  • Ballard Hudson Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 9 / 38

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,446

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Levels: One
  • Lot Size Acres: .13
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Block, Other
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Parking Pad, Side/Rear Entrance
  • ParkingTotal: 5

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Electricity Billing Prorated, Sewer Connected, Water Billing Prorated
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Ingram Pye
  • High School: Central
  • Middle School: Ballard Hudson

Lot Info

  • Lot: 9

Rental Info

  • Owner Pays: Electricity, Sewer, Trash Collection, Water

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1446.36

Multi Family

  • GrossIncome: 40800
  • NumberOfUnitsTotal: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $1,665 $67,740 $6,600 $61,140
2024 $1,720 $67,740 $6,600 $61,140
2023 $811 $56,950 $6,000 $50,950
2022 $2,132 $68,593 $4,264 $64,329
2021 $2,562 $67,431 $4,008 $63,423
2020 $230 $5,928 $2,095 $3,833
2019 $205 $5,244 $1,822 $3,422
2018 $494 $5,244 $1,822 $3,422
2017 $105 $5,244 $1,822 $3,422
2016 $238 $6,884 $1,822 $5,062
2015 $337 $6,884 $1,822 $5,062
2014 $388 $6,884 $1,822 $5,062
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 For Rent $4,000 0.0% --
09/30/2025 09/30/25 Price Changed $230,000 -4.2% --
09/25/2025 09/25/25 For Sale $240,000 0.0% --
08/28/2025 08/28/25 Pending -- -- --
08/19/2025 08/19/25 Price Changed $240,000 -4.0% --
07/16/2025 07/16/25 Price Changed $250,000 -9.1% --
07/11/2025 07/11/25 Price Changed $275,000 -3.5% --
07/08/2025 07/08/25 For Sale $285,000 0.0% --
06/27/2025 06/27/25 Pending -- -- --
06/24/2025 06/24/25 Price Changed $285,000 -3.1% --
06/13/2025 06/13/25 Price Changed $294,000 -1.5% --
06/09/2025 06/09/25 Price Changed $298,500 -0.2% --
01/23/2025 01/23/25 For Sale $299,000 +70.9% --
06/28/2021 06/28/21 Sold $175,000 -2.7% $122 / Sq Ft View Prior Sale
05/28/2021 05/28/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $179,900 0.0% $125 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/21/2021 01/21/21 Price Changed $179,900 -2.7% $125 / Sq Ft
10/23/2020 10/23/20 Price Changed $184,900 -2.7% $128 / Sq Ft
09/30/2020 09/30/20 For Sale $190,000 +2433.3% $132 / Sq Ft
05/24/2012 05/24/12 Sold $7,500 -39.5% $6 / Sq Ft View Prior Sale
05/07/2012 05/07/12 Pending -- -- --
05/25/2011 05/25/11 For Sale $12,400 -- $10 / Sq Ft
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $200,000 --
Limited Warranty Deed $175,000 None Available
Warranty Deed $7,000 --
Warranty Deed $7,000 --
Warranty Deed -- None Available
Warranty Deed $7,500 None Available
Limited Warranty Deed $31,950 None Available
Limited Warranty Deed $6,000 None Available
Quit Claim Deed $5,018 None Available
Sheriffs Deed $48,348 None Available
Deed -- --
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Bargain Sale Deed $12,500 --
Deed $36,400 --
Warranty Deed $65,000 --
Warranty Deed $65,000 None Avilabel
Deed -- --
Warranty Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $166,250 New Conventional
Previous Owner $45,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Georgia MLS

MLS Number: 10444845

Georgia MLS

APN: Q081-0269