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Buy a multi-family propertyat Sisk Rd, Toccoa, GA 30577

$800,000

$0/mo

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Multifamily

11.14 Acres lot

374 Days on market

10155065 MLS ID

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About Sisk Rd multi-family property

STAKE YOUR CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES with plenty of room to grow. Situated in between Ga Hwy 17, Historic 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. As a bonus, the West property line adjoins North Georgia Technical College. Each unit is METICULOUSLY MAINTAINED with individual electrical meters and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. CAP w/ latest rent increase and 98% occupancy at 5.62% is reflected by rents that are way below market. This property is located in a tri-county region with extremely low inventory of fee simple and rental housing, so increasing rents to market can realize an annual gross income of $89,376 and a pro-forma CAP of 9.17%. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa, so DO IT TODAY AND NOT SOMEDAY and schedule your property tour today.
STAKE YOUR CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES with plenty of room to grow. Situated in between Ga Hwy 17, Historic 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. As a bonus, the West property line adjoins North Georgia Technical College. Each unit is METICULOUSLY MAINTAINED with individual electrical meters and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. CAP w/ latest rent increase and 98% occupancy at 5.62% is reflected by rents that are way below market. This property is located in a tri-county region with extremely low inventory of fee simple and rental housing, so increasing rents to market can realize an annual gross income of $89,376 and a pro-forma CAP of 9.17%. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa, so DO IT TODAY AND NOT SOMEDAY and schedule your property tour today.

Property details

Basement

None

House

Built in 2003

Vinyl Siding

One

Multi Family (5+ Units)

Community

None

Cooling

Ceiling Fan(s)

Central Air

Heating

Electric

Central

Forced Air

Home Owner's Association

None

Listing

Cumulative Days on Market: 29

28 days on market

On Market Date: 2023-05-03

Location

County: Stephens

Subdivision: None

Lot

11.14 acres

Parking

Parking Total: 2

Parking Pad

Possession

Close Of Escrow

Property

Resale

Schools

Elementary School: Big A

High School: Stephens County

Middle School: Stephens County

Sewer

Septic Tank

Taxes

Annual Amount: $1,192

Year: 2022

Utilities

Electricity Individual Meters

Public

Monthly cost

Estimated monthly cost

$5,205/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$752,000

+$24,000

$776,000

Seller agent commission$24,000 (3%)*

$0 (0%)

Buyer agent commission$24,000 (3%)*

$24,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: May 12, 2024 at 1:09 a.m.

Data updated: May 31, 2023 at 5:51 p.m.

Listing courtesy of Living Down South Realty {listing_office_email}
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 Georgia MLS. All Rights Reserved.

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