700 Murphy Ave

LaGrange GA 30240

0.48 ac.

Duplex

Currently for sale - view listing

Overview

This triplex offers a great investment opportunity with several recent improvements and strong rental income. The roof is approximately 3 years old, and the property features new windows and fresh exterior paint. Unit A has been recently remodeled, while Units B and C are in good, rentable condition. Rental rates have recently been increased, with the current monthly rents as follows: Unit A: $825 per month (recently leased), Unit B: $955 per month, Unit C: $1,350 per month Total Monthly Rental Income: approx $3,130 and Annual Gross Rental Income: approx $37,560Each unit is separately metered for electricity. Water is billed collectively, with tenants in Units B and C contributing $25 per occupant toward the monthly water expense. Unit B currently contributes $50 per month, while Unit C contributes $100 per month, for a total of $150 in water reimbursements. The average monthly water bill is approximately $120. With recent capital improvements, established rental income, and tenant contributions toward utility expenses, this property presents an attractive opportunity for an investor looking to add an income-producing property to their portfolio.

Features

3 carspaces

3 garage spaces

0.48 ac. lot size

Duplex

Property history for 700 Murphy Ave

2018

Sold

$98,000

04 May 2018 by Mark Hubbard, of Go Realty

2015

Sold

$38,500

29 Jul 2015 by Denise Brown, of First Rlty Of Lagrange

Happy sellers in LaGrange

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