Investment Opportunity in Cedartown.

Housing shortage community - come earn over. Currently 50% occupied and earning $2475/month in income. Expenses currently around $900/mnth.

Current NOI is $1575/month. With better management - there's room to DOUBLE the income with a fully occupied property.

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on 427 Park St
in Cedartown, GA
Presented by TIM LAM at
Empire Realty Group, Inc.


Property MLS #7408518 from FMLS

+ Reveal additional info including schools and tax history

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+ Bathrooms

Total Bathrooms: 0

+ Heating and Cooling

Cooling Features: Window Unit(s)
Heating Features: Wall Unit(s)

+ Land Info

Lot Description: Level, Rectangular Lot
Lot Size Acres: 0.31
Lot Size Dimensions: x
Lot Size Square Feet: 13504

+ Home Features

View: Trees/Woods

+ School Information

Elementary School: Cherokee - Polk
High School: Cedartown
Middle School: Cedartown
+ Display Complete School Details

Harpst Academy is a public middle and high school located approximately 0.3 miles away.
Map directions

Northside Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

Cedar Christian School is a private elementary and middle school located approximately 1.2 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 6

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 1313
Source Listing Status: Active
County: Polk - GA
Directions: GPS
Tax Year: 2023
Source Property Type: Residential Income
Parcel Number: C28 048
Postal Code Plus 4: 3132
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$51,741 + $682 $52,423	$1,244
2021	$51,741 + $682 $52,423	$1,260
2020	$41,102 + $682 $41,784	$1,006
2019	$18,374 + $1,595 $19,969	$536
2018	$17,748 + $1,367 $19,115	$526
2017	$17,748 + $1,367 $19,115	$520
2016	$17,582 + $1,367 $18,950	$515
2015	$4,454 + $346 $4,800	$131
2014	$17,582 + $1,367 $18,950	$521
2013	$6,734 + $466 $7,200	$196
2012	$26,136 + $1,216 $27,352	$747
2011	$24,032 + $1,155 $25,187	$689
2010	$25,297 + $1,216 $26,513	$699
2009	$25,297 + $1,216 $26,513	$699
2008	$25,297 + $1,216 $26,513	$1,001
2007	$25,297 + $1,216 $26,513	$710

+ Reveal Property Sale History

Listed 2024-07-01
$350,000
GeorgiaMLS

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Listed 2024-06-21
$350,000
FMLS

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Listing removed 2023-11-01
$324,900
FMLS

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Price Changed 2023-09-25
$324,900
FMLS

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Listed 2023-08-31
$349,000
FMLS

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Sold 2020-07-15
$220,000
FMLS

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Listing removed 2020-04-27
$235,987
GeorgiaMLS

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Listing removed 2020-02-02
$0
FMLS

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Listed 2020-01-18
$235,987
FMLS

+ Building and Construction

Year Built: 1910
Construction Materials: Wood Siding
Levels: Two
Property Age: 114
Property Condition: Resale
Roof: Shingle

+ Utilities

Sewer: Public Sewer
Electricity Available
Water Source: Public