$600,000 - 103 Spring Street, Grovetown, GA

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Property Information

  • Type: Multi-family
  • Units: 21
  • Subdivision: None-3co
  • Year Built: 1968
  • Heating: Other-See Remarks
  • Cooling: Other-See Remarks
  • Elem. School: Grovetown
  • Middle School: Grovetown
  • High School: Grovetown High
  • Amenities: Other-See Remarks
  • Approx Sq. Feet: 23,000
  • MLS#: 431090

Property Description

21 Space park. All units are park owned rentals. Most of the units have been remodeled. Park is in a great location with super high demand. This park is stabilized and does great. Easy to manage. Park includes a second park very close by which has 15 spaces and 10 units. Site makes more sense as a redevelopment site. That park is a mess and is currently shut down. Units could be fixed up and repaired and rented out. Make an offer on one or both together. Proforma CAP rate is 9. 44 and on actual is over 8. 37% today. Rents are currently low and can be raised. Current ownership doesn't charge late fees also which would be additional revenue source. This site has great future redevelopment potential as well. Jernigans has dirt roads, county water and county sewer. The other parcel included in the sale is county water/sewer and paved roads.

Listing information courtesy of Meybohm Realtors. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of G.A.A.R. MLS.

Information deemed reliable but subject to verification by all parties.