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$370,000   Price Analysis
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318 E Gordon Ave
Rossville, GA 30741
4 bed None bath 2,732 SqFt ($135/SqFt)
7,405SqFt lot. Built 1922
Listed 2024-05-21, Taxes $1,859
Ⓧ USDA Ineligible
due to location

near Rossville

Investment Property for Sale: Looking for a lucrative investment opportunity? Look no further!

We're excited to present this exceptional investment property that promises immediate returns and growth potential. Situated in Rossville, Ga, this property enjoys a strategic location with high visibility and easy access to major transportation routes, amenities and business districts. Features: 1) Income-Generating Potential: With 3 units, this property offers steady rental income, ensuring a consistent cash flow for savvy investors. 2) Occupied: Currently all units are occupied and on leases. 3) Renovations: Two of the units have been fully renovated. Unit 1: Upgrades: Pristine medical grade roof on part of the home, new paint, new stain, new granite countertops, new floors, new light fixtures, new outlets, new appliances, new windows and new blinds.

Unit 2: Occupied and has not been updated. Unit 3: New roof, new flooring, new pant, new appliances, new light fixtures, new cabinets, new granite, new heating and air units, new appliances, new windows and new blinds 4) Low Maintenance: Well-maintained and managed, this property requires minimal upkeep, allowing you to enjoy passive income without the hassle of frequent maintenance issues. 5) Diverse Tenant Base: Attracting a diverse range of tenants from professionals to families, this property ensures stability and resilience in any market conditions. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a solid entry into real estate investment, this property offers an exceptional opportunity to generate wealth and build equity over time. Properties like this don't come along often. Seize the opportunity to secure your financial future and schedule a viewing today. Buyer to Verify school zones and square footage. Owner/agent


Presented by Michael White at
Greystone Realty & Property Management, LLC.
Listing Agent Photo

Property MLS #1392342 from Chattanooga

Bedrooms: 4

Total Bathrooms: 0

Basement Features: Slab, Crawl Space
Basement Description: Slab, Crawl Space

Cooling Features: Central, Electric, Two or More Units
Heating Features: Two or More Units, Central, Electric
Heating: Yes

Lot Description: Level
Lot Size Acres: 0.17
Lot Size Dimensions: 66X115
Lot Size Square Feet: 7405

Association: Yes
Calculated Total Monthly Association Fees: 0

Number of Buildings: 3
Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1

Elementary School: Rossville Elementary
High School: Ridgeland High School
Middle School: Rossville Middle

Rossville Elementary School is a public elementary school located approximately 1.7 miles away.
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Ridgeland High School is a public high school located approximately 3.1 miles away.
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Rossville Middle School is a public middle school located approximately 3.7 miles away.
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Lakeview Christian Academy is a private elementary, middle and high school located approximately 1.5 miles away.
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Fence
Community Features: Fence

Tenant Pays: Electricity

Investor
Annual Tax Amount: 3716.059999999
Source Listing Status: Active
County: Walker
Directions: I-24 to Rossville Blvd South Exit. Cross the state line into Georgia. Left onto Clark St At the stop sign, House Across Gordon St slightly to the left.
Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Source Property Type: MultiFamily
Owner Pays: Sewer, Water
Parcel Number: 2004 014
Property Subtype: Triplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$66,445 + $4,189
$70,634
$1,859
2022$108,378 + $4,189
$112,567
$1,859
2021$51,182 + $4,189
$55,371
$1,626
2020$42,401 + $4,189
$46,590
$1,429
2019$36,406 + $3,594
$40,000
$1,227
2018$37,886 + $4,189
$42,074
$1,407
2017$37,886 + $3,681
$41,567
$1,381
2016$23,363 + $3,681
$27,044
$745
2015$36,420 + $3,696
$40,116
$1,160
2014$36,420 + $3,696
$40,116
$1,117
2013$36,420 + $3,696
$40,116
$992
2012$36,420 + $3,696
$40,116
$994
2011$36,420 + $3,696
$40,116
$996
2010$36,420 + $3,696
$40,116
$996
2009$36,420 + $3,696
$40,116
$979
2007$36,420 + $3,696
$40,116
$986

Listed 2024-05-21
$370,000
Chattanooga
Sold 2018-07-13
$100,000
Chattanooga
Listing removed 2018-06-15
$0
Chattanooga
Relisted 2018-06-08
$125,000
Chattanooga
Listing removed 2018-06-07
$125,000
Chattanooga

Year Built: 1922
Building Area Total: 2732
Building Exterior Type: Brick, Siding
Construction Materials: Brick, Siding
Levels: 1 Level
Property Age: 102
Roof: Shingle
Levels or Stories: 1
Total Area Sqft: 2732

Sewer: On Sewer, Public
Water Source: On Sewer, 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.