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206 S Main St

Lafayette, GA 30728
  • $465,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 1387067
$465,000
  • 0
    BEDS
  • 1.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,992
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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 demonstrated by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immediate 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!

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www.thehollisgroup.com/homes/147727665
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206 S Main St Lafayette, GA 30728

  • Price: $465,000
  • Status: Active
  • On Site: 92 Days
  • MLS #: 1387067
0
Beds
0
Baths
0
½ Baths
1.24
Acres
3,992
SQFT
$116
$/SQFT
1952
Built
Neighborhood:
None
County:
Walker
Area:
Lafayette
Elementary School:
North Lafayette Elem School
Middle School:
Lafayette Middle
High School:
Lafayette High
Property Description
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 demonstrated by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immediate 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!
Exterior Features

Exterior Siding Garage Parking Main Level Lot Description Level Lot Size Dimensions 158X341 Roof Shingle

Interior Features

Basement Crawl Space Cooling Electric Description 1 Level Heating Gas Unit Four Bedrooms 1 Unit Four Features 1 Bath1 BedroomDenKitchen Unit Four Full Baths 1 Unit One Bedrooms 7 Unit One Features 1 Bath2 BedroomsDenKitchen Unit One Full Baths 4 Unit One Half Baths 0 Unit Three Bedrooms 2 Unit Three Features 1 Bath2 BedroomsDenKitchen Unit Three Full Baths 1 Unit Two Bedrooms 2 Unit Two Features 1 Bath2 BedroomsDenKitchen Unit Two Full Baths 1

Property Features

Community Features None Existing Financing None Financing CashConventional Gross Monthly Rent 2400.00 Home Warranty No Owner Pays None Possession Negotiable Property Sub Type Duplex Senior Community YN No Taxes 3143.66 Tenant Pays All Utilities Type Of Sale Investor Unit Four Unit Number 4 Unit One Unit Number 4 Unit Three Unit Number 3 Unit Two Unit Number 2 Water Sewer On SewerPublic Water

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Better Homes and Gardens Real Estate Jackson Realty: (706) 639-4663.



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Cassie Hollis | Realtor® | Better Homes and Gardens Signature Brokers
3326 St. Elmo Avenue
Chattanooga TN, 37408