
PRICE: $960,000 ·
ARV: $1,250,000 ·
Units: 8 ·
Total Beds: 8 ·
Total Baths: 8 ·
Sqft: 3,904 ·
Lot Size: 0.92 Acres ·
Year Built: 1958 ·
Parking: Open ·
Comp: $-
Description
🌟 This property boasts 8 rental units: 6 efficiency units (1 bath each) and 2 one-bedroom, one-bathroom units, totaling 3,904 sqft on a sprawling 0.92-acre lot. Perfect for generating steady income, it previously operated as weekly rentals, earning an impressive $4,873/month! Efficiencies rent for $1,150–$1,250/month, and one-bedroom units for $1,350/month.
💵 Investment Highlights
✔️ ARV: $1,250,000
✔️ Rehab Costs: $120,000
✔️ Zoned C-2, ideal for multi-family or commercial use
✔️ Utilities: Sewer-connected 💧 and well water 💦
✔️ Roof: Slate 🏠 | Heating/Cooling: Wall/window units ❄️🔥
🏫 Nearby A-rated schools include Bear Lake Elementary, Teague Middle, and Lake Brantley High School, making this location even more desirable. Plus, the property’s spacious lot offers potential for future development or enhancements.
🚀 Whether you’re looking for a high-yield rental, a flip opportunity, or a commercial venture, this property checks all the boxes!
Disclaimer:
Terms and conditions applicable to all transactions:
- Buyers must conduct their own due diligence.
- Properties are sold “AS-IS” without an inspection period.
- Buyer pays all closing costs.
- We sell assignable purchase contracts.
- No written or oral representations are made about the properties.
- A non-refundable earnest deposit is required.
- Proof of funds will be requested.
- We do not offer warranties on the property.
- We are not licensed contractors or appraisers.
- The seller holds an equitable interest in the property.
For properties under contract and for sale:
- Offers are cash or private money only.
- A minimum non-refundable deposit is required.
- Properties are sold “AS-IS” without contingencies.
- Buyers must conduct their own due diligence.
- Buyer pays all closing costs.
- Rehabilitation costs, taxes, and insurance are estimated.
- Open or expired permits are not a title defect.
We appreciate your loyalty and trust.