NOT LISTED FOR SALE

2253 Bellew Dr Unit 2247-53 Bowman, GA 30624

-- Bed
-- Bath
-- Sq Ft
5 Acres

Last Sold May 01, 2024

Last sale price $259,900

14 Days on Market

Highlights

  • Green Roof
  • 1-Story Property
  • Ceiling Fan
  • No HOA
  • Central Heating and Cooling System

About This Home

As of May 2024

TURN KEY INVESTMENT with Great returns (CAP Rate 10%) - Trailer Park (5 units) kept in Very Good Condition. Gross Monthly Rental Income $3,100; Gross Annual Rental Income $35,100. 100% OCCUPIED. Current being managed by a Management Company making it a hands free. They can continue to manage it OR you can do it yourself. HVAC systems recently replaced on 4 of the units. Newer flooring in a few of the units. Owners updating the properties when there is a vacancy which is a low turnover. Currently - 5 units in place (Single wide Manufactured homes) with an option to add 1 more unit/home. Located minutes from Bowman, GA off Hwy 17 close to Elberton, Royston, Athens, Lavonia, and Hartwell.

Last Agent to Sell the Property

Connie Nealy

Lake Homes Realty LLC License #285814 Listed on: 02/28/2024

Lake Homes Realty LLC

Last Buyer's Agent

Esau Linares

Keller Williams Greater Athens License #392410

Keller Williams Greater Athens

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 2001

Lot Details

  • 5

Home Design

  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Aluminum Siding

Interior Spaces

  • Low Flow Plumbing Fixtures
  • 1-Story Property
  • Ceiling Fan
  • Laundry in unit

Parking

  • 2 Parking Spaces
  • Over 1 Space Per Unit
  • Side or Rear Entrance to Parking

Schools

  • Elbert Co Primary/Elem Elementary School
  • Elbert County Middle School
  • Elbert County High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank
  • Private Sewer

Additional Features

  • Green Roof
  • 5 Acre Lot

Listing and Financial Details

  • The owner pays for water

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Bellew Mhp Subdivision

Building Details

  • Electric Expense $40
  • Maintenance Expense $50
  • Operating Expense $275
  • Gross Income $3,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,500

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 1115
  • Year Built: 2001
  • Financing Type: Cash
  • GreenEnergyEfficient: Roof
  • Levels: One
  • Lot Size Acres: 5.00
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None
  • Feature Name: Close to Lake Hartwell & Lake Russell
  • Price Per Square Foot: 51980

Exterior Features

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

Garage/Parking

  • Parking Features: Over 1 Space per Unit, Side/Rear Entrance
  • ParkingTotal: 2

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Heating: Electric, Central, Heat Pump
  • Laundry Features: In Unit
  • Sewer: Private Sewer, Septic Tank
  • Utilities: Electricity Individual Meters
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Elbert Co Primary/Elem
  • High School: Elbert County
  • High School Bus: Yes
  • Middle School: Elbert County
  • Middle School Bus: Yes
  • Elementary School: Elbert Co Primary/Elem
  • Middle School: Elbert County
  • High School: Elbert County

Green Features

  • GreenWaterConservation: Low-Flow Fixtures

Rental Info

  • Owner Pays: Water

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1500

Multi Family

  • ElectricExpense: 40
  • GrossIncome: 3100
  • Maintenance Expense: 50
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 275

MLS Schools

  • Elementary Bus Line: Yes

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $259,900 0.0% --
03/13/2024 03/13/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $259,900 -- --
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 20173045

Georgia MLS