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Home For Sale

Picture of Home For Sale in Adel, Georgia, United States

$2,150,000

1014 S Gordon Ave
Adel, Georgia, United States

Listed By: Realtyww Info

Listed On: 05/23/2023

Listing ID: GL10432423 View More Details

Description

Solid investment for 32 doors with larger units and proven rental history in Adel, GA. 8 brick buildings containing Four 2BR/1BA units each. 960 sf consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze way for entry to limit neighbor noise. Seller has been updating units with new tops, fixtures, paint, flooring, etc. Market rents trending to $800/month with units leasing up as soon as they turn. 5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place. Adel is small-town market but pro-growth vision. Turnkey income in place, $800/month rent with 35% operating expense factor is with 9.29% proforma cap rate.

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Listed by: Coldwell Banker Premier Real Estate
Source: The World Property Journal

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