1350 Irwinton Road

Hardwick GA 31061

11618 sq. ft.

43560 sq. ft.

Multi-Family

John Courson, last sold this property on 30 June 2022 after -2 days on market.

Overview

Absolute turnkey investment ready to cash-flow on closing day! South Knoll Apts - 14 doors well located just south of downtown Milledgeville - 12 2br/1ba apts behind a cottage style duplex w/ 2 1br/1ba units. Mailbox money scenario with little to no maintenance for years to come! Updated and enhanced over the last year to include new roof, LVP floor covering, modern appliances and fixtures, etc all go along with excellent curb appeal to attract high quality tenants willing to pay premium market rents! Brick, individual meters, W/D hookups, this place checks all the boxes! Many long term residents on MTM leases or expiration dates coming up allow new owner to bump rents to market rates immediately OR just over time as units naturally turn. Market rents are $725 for the 2/1s and $595 for the 1/1s for a $9890 potential gross income, 7.7% proforma cap at 30% OPEX & 5% vacancy. TURNKEY!

Features

3 bedrooms

2 bathrooms

11618 sq. ft. floor area

43560 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Hardwick over the last 12 months.

Property history for 1350 Irwinton Road

2022

Sold

Undisclosed

30 Jun 2022 by John Courson, of Coldwell Banker Premier Real Estate

Happy sellers in Hardwick

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