NOT LISTED FOR SALE
-- Bed
-- Bath
8,394 Sq Ft
1.15 Acres

Last Sold November 16, 2023

Last sale price $1,500,000 $179 Per Sq Ft

2 Days on Market

Highlights

  • 1.15 Acre Lot
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of November 2023

Welcome to the heart of Gainesville, Georgia, where a fantastic investment opportunity awaits you. Presenting 776 & 770 West Avenue, two multi-family buildings perfectly situated in the center of the city. This prime location ensures convenience and accessibility to all that Gainesville has to offer. Comprising of 18 one-bedroom units spread across these two buildings, this property is an excellent income-producing asset. With a great rental history, you can rest assured that this investment will continue to generate a steady stream of revenue. The apartments at 776 & 770 West Avenue are thoughtfully designed to provide comfortable living spaces for your tenants. Each unit offers a one-bedroom layout, ensuring privacy and functionality. Interior pictures available upon request. The location of these buildings is truly unbeatable. Being in the center of Gainesville means that your tenants will have easy access to a plethora of amenities and services. From shopping centers and restaurants to parks and entertainment options, everything is just a stone's throw away. Gainesville itself is a vibrant and thriving city, known for its rich history and charming southern hospitality. Its proximity to the beautiful Lake Lanier offers endless opportunities for outdoor recreation, including boating, fishing, and hiking. The city also boasts a strong economy and excellent educational institutions, making it an attractive destination for both residents and investors. Property renovated 1998 per previous owner. Investing in 776 & 770 West Avenue is not only a smart financial move but also a chance to be a part of a thriving community. The demand for rental properties in Gainesville is high, and this property presents an opportunity to capitalize on that demand. Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income source, 776 & 770 West Avenue is an investment that should not be missed. Don't wait too long, as opportunities like this are rare. Call now to schedule a viewing and secure your future in the heart of Gainesville, Georgia.

Last Agent to Sell the Property

Alan Daniel

Real License #343481 Listed on: 09/25/2023

Real

Last Buyer's Agent

Jonathan Davis

Atlanta Communities License #354252

Atlanta Communities

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,602

Year Built

  • Built in 1965

Lot Details

  • 1.15

Home Design

  • Slab Foundation
  • Vinyl Siding

Parking

  • 20 Parking Spaces
  • Off-Street Parking

Schools

  • Centennial Elementary School
  • Gainesville Middle School
  • Gainesville High School

Additional Features

  • 1-Story Property
  • 1.15 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 18 Units
  • Condo Community Subdivision

Listing and Financial Details

  • The owner pays for trash collection
  • Legal Lot and Block 4 / 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,602

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1965
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: 1.15
  • Structure Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 20

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Centennial
  • High School: Gainesville
  • High School Bus: Yes
  • Middle School: Gainesville
  • Middle School Bus: Yes

Lot Info

  • Lot: 4

Rental Info

  • Owner Pays: Trash Collection

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1602

Multi Family

  • NumberOfUnitsTotal: 18

MLS Schools

  • Elementary Bus Line: Yes
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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 List to Sale Price per Sq Ft
11/16/2023 11/16/23 Sold $1,500,000 0.0% $179 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $1,500,000 -- $179 / 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 $17,065 $424,000 $100,320 $323,680
2024 $11,459 $400,120 $220,240 $179,880
2023 $1,605 $400,120 $220,240 $179,880
2022 $1,602 $179,640 $98,880 $80,760
2021 $1,648 $179,640 $98,880 $80,760
2020 $10,220 $179,640 $98,880 $80,760
2019 $7,987 $261,800 $83,649 $178,151
2018 $1,553 $118,680 $37,920 $80,760
2017 $795 $118,680 $37,920 $80,760
2016 $678 $118,680 $37,920 $80,760
2015 -- $179,280 $75,880 $103,400
2014 -- $167,589 $77,000 $90,589
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10206684

Georgia MLS
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