$125,000
SOLD SEP 26, 2025

2940 Iris Lowery Loop Cadwell, GA 31009

-- Bed
-- Bath
-- Sq Ft
2.6 Acres

Recently Sold

24% Below List Price

67 Days on Market

Highlights

  • No HOA
  • Northwest Laurens Elementary School Rated 9+
  • 1-Story Property

About This Home

As of September 2025

Fantastic investment opportunity in Cadwell, GA! This 2.6-acre mobile home park includes five total lots, with four currently occupied and generating $2,500 per month in rental income. The property is equipped with five individual septic tanks, one deep well, and an on-site storage container. The park is permitted for a total of 6 lots. With utilities already in place and a steady rental history, this is a turnkey property ready for the next Investor. Please do not disturb tenants.

Last Agent to Sell the Property

Brittany Lancaster

Chelle Realty License #427188 Listed on: 06/30/2025

Last Buyer's Agent

Brittany Lancaster

Chelle Realty License #427188 Listed on: 06/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $168

Year Built

  • Built in 1985

Parking

  • Over 1 Space Per Unit

Home Design

  • Vinyl Siding

Schools

  • Southwest Laurens Elementary School
  • West Laurens Middle School
  • West Laurens High School

Utilities

  • Shared Well
  • Septic Tank

Additional Features

  • 1-Story Property
  • 2.6 Acre Lot

Community Details

  • No Home Owners Association
  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$168

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1985
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: 2.60
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Over 1 Space per Unit

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Septic Tank
  • Utilities: Other
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Southwest Laurens
  • High School: West Laurens
  • Middle School: West Laurens

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2024
  • Tax Annual Amount: 168.33

Multi Family

  • NumberOfUnitsTotal: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2025
Closed on
Sep 26, 2025
Sold by
Law Chad
Bought by
Welch Mason
Seller's Agent
Brittany Lancaster
Chelle Realty
Buyer's Agent
Brittany Lancaster
Chelle Realty
List Price
$165,000
Sold Price
$125,000
Premium/Discount to List
-$40,000
-24.24%
Views
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.16%

Purchase Details

Closed on
May 21, 2025
Sold by
Garner Matthew
Bought by
Law Chad

Purchase Details

Closed on
Apr 20, 2022
Sold by
Joe Lausch Llc
Bought by
Garner Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2010
Sold by
Wynn Joey Benjamin
Bought by
Joe Lausch Llc

Purchase Details

Closed on
Nov 4, 2004
Sold by
Kight Hugh
Bought by
Wynn Joey Benjamin

Purchase Details

Closed on
Jul 19, 2004
Sold by
The 80 Group Inc
Bought by
Kight Hugh

Purchase Details

Closed on
Oct 16, 1998
Sold by
Smith Bobby D
Bought by
The 80 Group Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $125,000 --
Warranty Deed $35,000 --
Warranty Deed $48,000 --
Deed $53,000 --
Deed $49,000 --
Deed $25,000 --
Deed $12,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Sold $125,000 -10.1% --
08/19/2025 08/19/25 Price Changed $139,000 -12.6% --
08/09/2025 08/09/25 Price Changed $159,000 -3.6% --
06/30/2025 06/30/25 For Sale $165,000 -- --
Source: Georgia MLS

Tax History Compared to Growth

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
2024 $178 $8,440 $1,040 $7,400
2023 $178 $6,914 $0 $6,914
2022 $231 $10,875 $3,475 $7,400
2021 $233 $10,704 $3,304 $7,400
2020 $234 $10,704 $3,304 $7,400
2019 $234 $10,704 $3,304 $7,400
2018 $119 $5,454 $3,304 $2,150
2017 $119 $5,454 $3,304 $2,150
2016 $119 $5,454 $3,304 $2,150
2015 -- $5,454 $3,304 $2,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10554238

Georgia MLS

APN: 083-004