$2,023,500
$2,245,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
1 Acres Lot
SOLD DATE : 09/18/2023
Key Details
Sold Price $2,023,500
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Corder Rd Apts
MLS Listing ID 20125337
Sold Date 09/18/23
HOA Y/N No
Year Built 1968
Annual Tax Amount $11,232
Tax Year 2022
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 1
Source Georgia MLS 2
Property Description
This is an opportunity to own two small complexes for a total of 29 doors. Corder Rd has 15 doors which include 8 two bedroom townhouses, 3 three bedroom townhouses, and 4 three bedroom flats. One vacancy that can be turned and a tenant placed prior to purchase or after. That unit is a three bedroom flat and should rent for $1050/mo. Each unit is individually metered for water and power so owner only pays a minimal outdoor light bill and there is a grounds keeper that is paid monthly $300. All tenants are pretty stable with minimal issues. Some leases could be renewed under new ownership for an increased rent rate. Carolina Ave (Parcel 0W041G 004000) has 14 doors, all brick two bedroom duplexes that sit on 5.58 acres behind Northside High School. Market rent for these units is around $850/mo. There are two new vacancies that can be turned and tenant placed prior to sale or after. Each unit is individually metered for power and water so owner only pays for grounds keeper at $700/mo. Parking is at each unit and all but three units have had renovations (those three have long term stable tenants so only renovations as needed). All units have central AC/Heat or mini splits. Annual taxes of $9289. The two locations will be sold together and not split apart. Both locations are under management currently. Property manager is ok to keep managing them or to relinquish management to another company. Both locations are easy to manage with great tenants and very little issues on the property or surrounding areas.
Location
State GA
County Houston
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry In Unit
Exterior
Parking Features Off Street
Community Features None
Utilities Available Electricity Individual Meters, Water Individual Meters
View Y/N No
Garage No
Private Pool No
Building
Faces Corder Rd Apts - corner of Corder Rd and Leverette Carolina Ave Apts - directly behind Northside High School on Carolina Ave.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Other
New Construction No
Schools
Elementary Schools Miller
Middle Schools Warner Robins
High Schools Warner Robins
Others
HOA Fee Include None
Tax ID 0W0810 021000
Special Listing Condition Resale
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