1482 Waverly WAY, Monroe, GA 30656 - MLS#7395175

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Michelle Rosser

michelle@homesbymichelle.net +1(678) 524-3032

$2,150,000

Est. payment - /mo

2 Acres Lot

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UPDATED:

09/13/2024 07:05 PM

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Subdivision Green Acres

MLS Listing ID 7395175

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1973

Annual Tax Amount $12,600

Tax Year 2023

Lot Size 2.000 Acres

Acres 2.0

Property Description

This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer connections, and there are additional storage units available for rent, providing potential for extra income. The property's prime location is convenient to Walton Piedmont Hospital, making it ideal for traveling nurses, and is close to the Facebook Data Center, Athens, Loganville, and within a 45-minute drive to Atlanta. This combination of updated amenities and strategic location makes the property highly attractive to tenants, ensuring consistent occupancy and strong revenue potential.

Location

State GA

County Walton

Lake Name None

Interior

Heating Central, Electric

Cooling Central Air

Window Features Insulated Windows

Exterior

Garage Paved, Parking Lot

Fence None

Community Features Other

Utilities Available Other

Waterfront Description None

View Other

Roof Type Other

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick 4 Sides

New Construction No

Construction Status Resale

Schools

Elementary Schools Walker Park

Middle Schools Carver

High Schools Monroe Area

Others

Senior Community no

Tax ID N090B00000014000

Special Listing Condition None

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Listed by Compass

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Michelle Rosser

+1(678) 524-3032

Agent | License ID: 285630

Agent License ID: 285630

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