NOT LISTED FOR SALE

2091 Highway 138 E Jonesboro, GA 30236

Estimated Value: $214,000 - $429,004

4 Beds
2 Baths
1,456 Sq Ft
$234/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $1,020,000 $701 Per Sq Ft

Current estimated payment $2,109/month

91 Days on Market

Highlights

  • 5 Acre Lot
  • Guest Parking
  • Central Heating and Cooling System
  • No HOA
  • 1-Story Property

About This Home

As of April 2023

Are you looking for a great, turnkey investment to add to your portfolio? This package sale of 5 duplexes representing 10 units on 5 acres fronting Georgia Hwy 138 in Jonesboro is a must see! Convenient to I-75 at just 3 miles away, this property has over 300' of Hwy 138 frontage to the south and over 400' of frontage along Fielder Road to the north. Its also convenient to the Atlanta International Airport at just 20 minutes and downtown Atlanta in less than 30 minutes. Nine of 10 units are occupied and seller offers these properties with a property manager in place if desired who handles the tenants and maintenance making this investment turnkey and ready to add to your portfolio. Seller wants to keep good tenants happy for the next buyer and minimize disturbances so please do not contact tenants or enter the property. Showings and inspections may be handled during the due diligence. All tenants presently in place moved in prior to the significant rental increases and as such pay lower rent than market. Average rent is $850 and tenants are due for an increase as the new owner wishes. One unit is currently being renovated and is expected to rent for 1300 to 1400 monthly based on the current market. All buildings are 4 sided brick, 2 bedroom, 1 bath. Some duplexes offer covered parking. There is also a detached garage on the property, separate from the Duplexes available for owner storage. Property may be subdivided to yield 3 additional buildable lots. With its immediate neighbors as commercial businesses and highway frontage, this property has commercial potential. This attractive property and its highly visible location provides a steady flow of new tenant applicants as a unit becomes available. Property receives regular maintenance but is offered as is. All information provided is deemed reliable but not guaranteed. Kevin Cox is a real estate licensee under the law of Georgia and is acting as principle in this transaction.

Last Agent to Sell the Property

Kevin Cox

Southern Classic Realtors License #219607 Listed on: 11/17/2022

Southern Classic Realtors

Last Buyer's Agent

Kevin Cox

Southern Classic Realtors License #219607 Listed on: 11/17/2022

Southern Classic Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,601

Year Built

  • Built in 1984

Lot Details

  • 5 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • 20 Parking Spaces
  • Parking Accessed On Kitchen Level
  • Parking Shed
  • Guest Parking

Schools

  • Jackson Elementary School
  • Roberts Middle School
  • Mount Zion High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 10 Units
  • Highway 138 At Fielder Rd Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,601

Year Built

Built in 1984

Lot Details

5 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: 5.00
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Detached, Guest, Kitchen Level, Parking Shed
  • ParkingTotal: 20

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Jackson
  • High School: Mount Zion
  • Middle School: Roberts

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7601

Multi Family

  • NumberOfUnitsTotal: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Apr 14, 2023
Sold by
Jkt Fielder Llc
Bought by
Four A Plus Properties Llc
Seller's Agent
Kevin Cox
Southern Classic Realtors
Buyer's Agent
Kevin Cox
Southern Classic Realtors
List Price
$1,300,000
Sold Price
$1,020,000
Premium/Discount to List
-$280,000
-21.54%
Views
258
Current Estimated Value
$340,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$679,999
Avg. Annual Appreciation
-31.27%
Original Mortgage
$427,500
Outstanding Balance
$398,475
Interest Rate
6.6%
Mortgage Type
Mortgage Modification
Estimated Equity
-$58,474

Purchase Details

Closed on
Oct 22, 2021
Sold by
Kuyateh Saydou D
Bought by
Reddick Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,280
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2021
Sold by
Jkt Fielder Llc
Bought by
Kuyateh Saydou D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2020
Sold by
Bob Llc
Bought by
Jkt Fielder Llc

Purchase Details

Closed on
Jun 5, 2017
Bought by
Gilbert Daniel M and Gilbert David E

Purchase Details

Closed on
May 31, 2016
Sold by
Gilbert David Eugene
Bought by
B O B Llc

Purchase Details

Closed on
May 19, 2016
Sold by
Gilbert Jo Alice
Bought by
Gilbert Daniel M and Gilbert David E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Four A Plus Properties Llc $1,020,000 --
Reddick Tara $324,000 --
Kuyateh Saydou D $260,000 --
Jkt Fielder Llc $610,000 --
Gilbert Daniel M -- --
B O B Llc -- --
B O B Llc -- --
B O B Llc -- --
B O B Llc -- --
Gilbert Daniel M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four A Plus Properties Llc $427,500
Closed Four A Plus Properties Llc $352,500
Previous Owner Reddick Tara $314,280
Previous Owner Kuyateh Saydou D $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2023 04/14/23 Sold $1,020,000 -6.4% $701 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
02/02/2023 02/02/23 Price Changed $1,090,000 -16.2% $749 / Sq Ft
11/17/2022 11/17/22 For Sale $1,300,000 -- $893 / Sq Ft
Source: Georgia MLS

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 $11,522 $300,840 $31,040 $269,800
2024 $11,896 $304,920 $31,040 $273,880
2023 $8,496 $263,320 $31,040 $232,280
2022 $7,601 $203,680 $31,040 $172,640
2021 $9,410 $238,240 $35,040 $203,200
2020 $9,232 $230,820 $38,546 $192,274
2019 $10,061 $364,412 $158,400 $206,012
2018 $9,548 $235,200 $79,200 $156,000
2017 $9,571 $235,200 $79,200 $156,000
2016 $9,571 $364,412 $158,400 $206,012
2015 $1,353 $0 $0 $0
2014 $1,160 $68,400 $29,253 $39,147
Source: Public Records

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Map

Source: Georgia MLS

MLS Number: 20087511

Georgia MLS

APN: 12-0046B-00C-001

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