Income-Producing Property with Expansion Potential in Prime Toccoa Location This exceptional residential income property consists of two well-maintained duplexes, each offering 3-bedroom, 2-bathroom units with low maintenance. Fully occupied with four excellent tenants, the property generates a gross annual rental income of $39,600-currently below the market value of $1,200 per month per unit, presenting a significant opportunity for increased returns. Each teant has their own water and power meters. City of Toccoa includes Sewer, trach & water. GA Power. Included in the sale are two vacant lots, offering a fantastic opportunity to build additional duplexes and further maximize your investment. Situated in an excellent location, this property is conveniently close to Stephens County Hospital, Toccoa Falls College, and the charming historic downtown Toccoa. Interior photos of one unit are available, with all units in similar condition. To respect the privacy of our tenants, interior visits will be scheduled during the due diligence period only. Don't miss this opportunity to acquire a turn-key investment property with room to grow and increase revenue.
MLS# | 10371793 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1981 |
Days On Site | 69 |
Listing Provided By | Hammock Realty North Georgia | Joni Scott |
Story(s) | 1 |
---|---|
Units | 4 |
Acreage | 1.20 |
State | GA |
---|---|
County | Stephens |
City | Toccoa |
Zip Code | 30577 |
School District | Stephens County |
Elementary School | Toccoa |
Middle School | Stephens County |
High School | Stephens County |
Listing VS Median (in 30577) | |
Price: $569,900 low | high Med: $214,900 On Site: 69 low | high Med: 286.000000 |