Viewing Listing MLS# 7326658
Cartersville, GA 30121
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 2005Year Built
- 0.04Acres
- MLS# 7326658
- Multifamily
- Quadruplex
- Active
- Approx Time on Market3 months, 18 days
- AreaN/A
- CountyBartow - GA
- SubdivisionStonehaven
Overview
ATTENTION INVESTORS!! Don't miss this once-in-a-decade opportunity! This listing highlights a building along with two additional properties, available for individual or portfolio purchase. Situated at addresses 300 (FMLS 7326658), 1300 (FMLS 7328349), and 1400 (FMLS 7328366), these sites have been extensively renovated and maintained, showcasing a range from significant updates to complete overhauls. These buildings stand out with high occupancy rates, further driven by strong demand, highlighted by the leasing of the most recent unit for $1,525 per month even before its market introduction.|GROWTH OPPORTUNITY: The investment appeal is significantly enhanced by the projection of over 5,000 new jobs in the area, anticipated to materialize over the coming years. Couple that with increased rents across multiple units and you've got all the ingredients for a successful cash flow and equity play for the future. |OWNER OCCUPANT INVESTORS: For those interested in owner-occupant investor financing, strategic vacancies have been maintained to support such financing options. Reach out today to learn more about this opportunity!|Recent upgrades across the properties include comprehensive renovations of buildings 300, 1300, and 1400. Notably, buildings 1300 and 1400 have received exterior paint and maintenance, HVAC systems, and water heaters, aligning with the portfolios commitment to quality and comfort. Building 300, while offered at a special price due to the absence of new HVAC systems, also benefits from these widespread improvements, including new appliances, fresh paint, and updated flooring. Each unit offers spacious accommodation with three bedrooms and two full bathrooms, totaling twelve bedrooms and eight bathrooms in each quadruplex. Please note that the floor plan provided is for illustrative purposes only; actual unit layouts may vary, incorporating potential reversals or the addition of a bay window.
Association Fees / Info
Hoa: No
Community Features: Homeowners Assoc, Sidewalks, Street Lights
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 4
Exterior Features
Fence: None
Pool Private: No
County: Bartow - GA
Acres: 0.04
Financial
Original Price: $775,000
Operating Expense: 11677
Net Operating Income: 45,011
Owner Financing: Yes
Gross Income: 56,688
Garage / Parking
Parking Features: Parking Lot, Paved
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: Two
Lot Info
Lot Size Source: Public Records
Lot Features: Sloped
Lot Size: x
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Vinyl Siding
Year Built: 2,005
Property Condition: Updated/Remodeled
Roof: Composition
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: Appliances, HVAC, Insulation, Roof
Special Listing Conditions: None
Special Circumstances: Investor Owned
Tax Info
Tax Amount Annual: 2813
Tax Year: 2,022
Tax Parcel Letter: 0078G-0006-016
Unit Info
Utilities / Hvac
Cool System: Ceiling Fan(s), Central Air
Heating: Central
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
Use GPSListing Provided courtesy of Sellect Realtors, Llc.