NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.6 Acres

Last Sold November 12, 2021

Last sale price $850,000

38 Days on Market

Highlights

  • Window Unit Cooling System
  • 1-Story Property
  • Central Heating

About This Home

As of November 2021

Rare opportunity to acquire true multi-family asset located in medical overlay district. 15 units in 3 buildings surrounded by new construction medical office development. Property is currently grossing $8,000 monthly with a scheduled increase to $8,300 In July. Current owner has extensively rehabbed the exterior of all buildings to include new roofs, windows and doors. 9 of the 15 units have undergone interior renovations. Buildings are very low maintenance due to concrete block construction, historical expenses showing 25% expense ratio available during due diligence. Rents remain substantially below market.

Last Agent to Sell the Property

Robin Hearn

Murray Company, Realtors License #152897 Listed on: 05/14/2021

Last Buyer's Agent

Andre Merkerson

Prestige Realty Services License #392210

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,985

Year Built

  • Built in 1976

Lot Details

  • 0.6

Interior Spaces

  • 1-Story Property

Schools

  • Crescent Road Elementary School
  • Rehoboth Road Middle School
  • Griffin High School

Utilities

  • Window Unit Cooling System
  • Central Heating

Community Details

  • 15 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,985

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1976
  • Levels: One
  • Structure Type: Multi Family (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Construction Materials: Other
  • Property Condition: Resale

Utilities

  • Cooling: Electric, Window Unit(s)
  • Heating: Electric, Central
  • Utilities: Sewer Connected
  • Water Source: Public

Schools

  • Elementary School: Crescent Road
  • High School: Griffin
  • Middle School: Rehoboth Road
  • Elementary School: Crescent Road
  • Middle School: Rehoboth Road
  • High School: Griffin

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1985.26

Multi Family

  • NumberOfUnitsTotal: 15

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $850,000 +431.3% --
07/29/2021 07/29/21 Sold $160,000 0.0% $67 / Sq Ft View Prior Sale
07/27/2021 07/27/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $160,000 -82.1% $67 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $895,000 +905.2% --
05/24/2019 05/24/19 Sold $89,040 0.0% -- View Prior Sale
05/22/2019 05/22/19 Pending -- -- --
04/21/2019 04/21/19 For Sale $89,040 +102.4% --
11/08/2018 11/08/18 Sold $44,000 0.0% $90 / Sq Ft View Prior Sale
09/25/2018 09/25/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $44,000 -90.2% $90 / Sq Ft
11/17/2017 11/17/17 Sold $450,000 +99900.0% $50 / Sq Ft View Prior Sale
09/11/2017 09/11/17 Pending -- -- --
06/26/2017 06/26/17 Rented $450 0.0% --
06/06/2017 06/06/17 For Sale $537,500 0.0% $60 / Sq Ft
05/15/2017 05/15/17 For Rent $450 0.0% --
01/27/2017 01/27/17 Rented $450 0.0% --
12/13/2016 12/13/16 For Rent $450 0.0% --
03/10/2016 03/10/16 Sold $8,000 -33.3% $10 / Sq Ft View Prior Sale
03/03/2016 03/03/16 Pending -- -- --
01/18/2016 01/18/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $12,000 -69.9% $15 / Sq Ft
07/23/2015 07/23/15 For Sale $39,900 +53.5% --
01/18/2015 01/18/15 Sold $26,000 -- -- View Prior Sale
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: 8978035

Georgia MLS