UPDATED:
Key Details
Property Type Commercial
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 8,176 sqft
Price per Sqft $232
MLS Listing ID 7485643
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1999
Annual Tax Amount $5,936
Tax Year 2023
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type Condominium
Property Description
All 12 units are 100% occupied - currently renting for $1,000 to $1,100 but could be raised to $1,250.
Rents will be increasing on each unit to $1,150 starting April 1st, 2025.
All units are 2 BR, 1 BA. New roof and sewer.
Taxes are $5,000 - $6,000.
There is space to build self-storage units or laundry area.
Management fee 5%, cap rate of 7%
Location
State GA
County Whitfield
Zoning R7
Lake Name None
Rooms
Other Rooms None
Basement None
Bedroom Living Space Available
Interior
Interior Features Living Space Available
Heating Baseboard
Cooling Central Air
Flooring Laminate
Window Features None
Exterior
Parking Features Parking Lot
Fence None
Utilities Available None
Waterfront Description None
View Other
Roof Type Asphalt
Street Surface Asphalt
Accessibility None
Handicap Access None
Total Parking Spaces 12
Private Pool false
Building
Lot Description Level
Story Two
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Vinyl Siding
New Construction No
Construction Status Resale
Others
Senior Community no
Tax ID 1223916008
Special Listing Condition None
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