NOT LISTED FOR SALE

476 Powerhouse Rd Forsyth, GA 31029

2 Beds
1.5 Baths
5,600 Sq Ft
2.42 Acres

Last Sold February 11, 2022

Last sale price $435,000 $78 Per Sq Ft

62 Days on Market

Highlights

  • No HOA
  • Brick or Stone Mason
  • Central Heating and Cooling System
  • T.G. Scott Elementary School Rated A-
  • Patio
  • Wood Siding

About This Home

As of February 2022

Great Investment Property-in good location with room for expansion! Apartment Building is 2 stories with 2 Apartments. Apartments are 1000 square feet each with 2 bedrooms and 1.5 baths. Monthly income of $505.00 per unit ($1,010.00 Apts. Monthly Income). 2 Duplexes with a total of 4 units are 900+ square feet, each with 2 bedrooms and 1 bath. Monthly income of $500.00 per unit ($2,000.00 Duplex Monthly Income). Yearly Gross Income of $36,120.00. Good Location in Forsyth close to downtown. Property is 2.42 acres and offers some room for expansion. Long term Tenants in place. Tenants are currently on a month-to-month lease. Property is well kept and in good condition.

Last Listed By

Connie Ham

Connie R. Ham Middle Ga Realty, Inc License #52187 Listed on: 11/23/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 2.42

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 5,600 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Carpet
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 16 Car Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Samuel E. Hubbard Elementary School
  • Monroe County Middle School
  • Mary Persons High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Patio
  • 2.42 Acre Lot

Community Details

  • No Home Owners Association
  • 6 Units
  • On-Site Maintenance

Listing and Financial Details

  • Assessor Parcel Number F33-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Accessibility Features: None
  • FILLACRES: 2.42
  • Estimated Total Sq Ft: 5600.00
  • Comm Sell: 3.00
  • Comm Sell Type: %
  • Directions: I-75 to Exit 187 in Forsyth. Take Highway 83 to N Frontage Road on the left. N. Frontage Road to Powerhouse Road (located beside Flavors Eatery) Powerhouse Road to Property. No Sign.
  • Efficiency: None
  • Green Power: None
  • Handicap Features: No
  • Unit Levels: One, Two
  • Listing Member Name: Connie Ham
  • Listing Office Short Id: o24
  • Open House Office I D: 20190112181026300737000000
  • Parking Features Number Of Parking Spaces: 16
  • Plat Book: 12
  • Property Sub Type: Multi Family
  • Prop. Type: B
  • Selling Financing: Cash
  • Selling Member Short Id: nking
  • Selling Office Short Id: o115
  • Special Circumstances: None
  • Assessor Parcel Number: F33-007
  • Year Built: 1980
  • High Bus Route: Yes
  • Middle Bus Route: Yes
  • Gross Income: 36120
  • Scheduled Monthly Income: 3010.00
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Gas Water Heater, Range Hood
  • Estimated Main Sq Ft: 1000.00
  • Lower Floor 1 Bedrooms: 2
  • Fireplace Features: None
  • Lower Floor 1 Half Bathrooms: 1
  • Interior Amenities: Carpeted Floors, W/D Connection
  • New Construction: No
  • Total Bathrooms: 2.00
  • Window Features: Insulated Windows

Exterior Features

  • Construction Type: Brick, Stucco, Wood Siding
  • Dock: None
  • Exterior Features: None
  • Foundation: Slab
  • Lot Number: A, B *
  • On Golf Course: No
  • Patio And Porch Features: Back, Patio
  • Property Condition: Resale
  • Roof Type: Composition, Shingle
  • Waterfront: No
  • Waterfront Features: None

Garage/Parking

  • Parking Features: Level Driveway, Parking Lot

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Natural Gas, Separate Meters
  • Security: None
  • Sewer: City
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Utilities Included: No
  • Hot Water: Public

Condo/Co-op/Association

  • Association: No
  • Number of Units: 6
  • Pets Allowed: No

Schools

  • Elementary School: Samuel E. Hubbard Elementary
  • Middle School: Monroe County Middle
  • High School: Mary Persons High
  • Elementary School: Samuel E. Hubbard Elementary
  • High School: Mary Persons High
  • Middle School: Monroe County Middle

Lot Info

  • Deed Page: 50
  • Land Lease Purchase: No
  • Plat Page: 194
  • Zoning: Other

Rental Info

  • Deposit Required: Security
  • Lease Terms: Other

Tax Info

  • Year: 2021
  • Additional Assessor Parcel Numbers: F33-008 & F33-008A

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
02/11/2022 02/11/22 Sold $435,000 -3.3% $78 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
11/23/2021 11/23/21 For Sale $450,000 -- $80 / Sq Ft
Source: Middle Georgia MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Middle Georgia MLS

MLS Number: 163226

Middle Georgia MLS