Description
STAKE YOUR CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES with plenty of room to grow. Situated in between Ga Hwy 17, Historic 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. As a bonus, the West property line adjoins North Georgia Technical College. Each unit is METICULOUSLY MAINTAINED with individual electrical meters and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. CAP w/ latest rent increase and 98% occupancy at 5.62% is reflected by rents that are way below market. This property is located in a tri-county region with extremely low inventory of fee simple and rental housing, so increasing rents to market can realize an annual gross income of $89,376 and a pro-forma CAP of 9.17%. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa, so DO IT TODAY AND NOT SOMEDAY and schedule your property tour today.
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0BEDS
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11.14ACRES
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0BATHS
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01/2 BATHS
School Information
Description
STAKE YOUR CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES with plenty of room to grow. Situated in between Ga Hwy 17, Historic 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. As a bonus, the West property line adjoins North Georgia Technical College. Each unit is METICULOUSLY MAINTAINED with individual electrical meters and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. CAP w/ latest rent increase and 98% occupancy at 5.62% is reflected by rents that are way below market. This property is located in a tri-county region with extremely low inventory of fee simple and rental housing, so increasing rents to market can realize an annual gross income of $89,376 and a pro-forma CAP of 9.17%. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa, so DO IT TODAY AND NOT SOMEDAY and schedule your property tour today.
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