$465,000 Price Analysis    ♡   LaFayette, GA 30728 Unknown bed None bath unknown SqFt ($0/SqFt) 1.24 acre lot. Built 1952 Listed 2024-02-19, Taxes $2,989 | ✓ USDA Eligible near LaFayette, GA |
PRIME MULTI-FAMILY INVESTMENT OPPORTUNITY IN AN INCREDIBLE LOCATION!
Conveniently located on over an acre lot on Main Street in Downtown LaFayette, GA, with 150+ Feet of road frontage on both Main Street and S. Cherokee Street, this incredible, unique opportunity consists of a 2600+ SQ FT Duplex with 2 Bedrooms + 1 Bath in each unit, a 2 Bedroom, 1 Bath Single Family Home with 1000+ SQ FT and a small, cottage style home offering 1 Bedroom and 1 Bath. All of the dwellings have been updated and cared for, with the current owner's updates consisting of new roofs, new windows, new flooring throughout, new paint, in addition to other interior and exterior renovations.
All units expect for one side of the duplex are occupied, with all but one unit being on a month-to-month lease basis. These rental units far exceed expectations, with pride of ownership being apparent and demonstrted by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immedia te financial adjustment in order to align more with the current fair market rental rates. The front portion of the property with Main Street road frontage also offers potential future development. If you are looking for a rare, fruitful investment opportunity to add to your real estate portfolio, don't miss this one. Call today to schedule your private tour of this fantastic piece of real estate!
Presented by Tanner Heyer at
Better Homes and Gardens Real Estate Jackson Realty.
Property MLS #20171904 from GeorgiaMLS
Heating Features: Natural Gas
Number of Fireplaces: 2
Lot Size Square Feet: 54014
Calculated Total Monthly Association Fees: 0
High School: Lafayette
Middle School: Lafayette
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Walker
Directions: From Highway 27, continue onto Main St. Property on right past Bank of LaFayette
Tax Year: 2023
Source Property Type: Residential Income
Parcel Number: 1039 082
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $106,131 + $7,441 $113,572 | $2,989 |
| 2022 | $133,078 + $7,441 $140,519 | $2,989 |
| 2021 | $76,498 + $7,441 $83,939 | $2,465 |
| 2020 | $58,878 + $7,441 $66,320 | $2,034 |
| 2019 | $45,114 + $7,441 $52,555 | $1,613 |
| 2018 | $45,114 + $7,441 $52,555 | $1,757 |
| 2017 | $38,716 + $6,384 $45,100 | $1,525 |
| 2016 | $52,717 + $7,441 $60,158 | $1,800 |
| 2015 | $50,182 + $23,560 $73,742 | $2,134 |
| 2014 | $50,182 + $23,560 $73,742 | $2,054 |
| 2013 | $50,182 + $23,560 $73,742 | $1,825 |
| 2010 | $50,182 + $23,560 $73,742 | $1,832 |
| 2009 | $50,182 + $23,560 $73,742 | $1,800 |
| 2007 | $50,182 + $23,560 $73,742 | $1,813 |
$465,000
Chattanooga
Price Changed 2024-04-18
$465,000
GeorgiaMLS
Listed 2024-02-19
$489,900
GeorgiaMLS
Listed 2024-02-19
$489,900
Chattanooga
Sold 2016-05-16
$112,800
Public Record
Levels: One
Property Age: 72
Property Condition: Updated/Remodeled
Structure Type: Duplex, House
Sewer Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.