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2091 Highway 138 Highway

Jonesboro, GA 30236
  • $1,300,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 20087511
UPDATED: 221 min ago
$1,300,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Are you looking for a great, turnkey investment to add to your portfolio? This package sale of 5 duplexes representing 10 units on 5 acres fronting Georgia Hwy 138 in Jonesboro is a must see! Convenient to I-75 at just 3 miles, this property has over 300' of Highway 138 frontage to the south and over 400' of frontage along Fielder Road to the north. All units are occupied and seller offers these properties with a property manager in place who handles the tenants and maintenance making this investment turnkey and ready to add to your portfolio. Seller wants to keep good tenants happy for the next buyer and minimize disturbances so please do not contact tenants or enter the property. Showings and inspections may be handled during the due diligence. Currently all units are rented at a rate between $800 & $950 per month depending on how long they have been in the unit. While its been more than a year since the seller has had a vacancy, one unit is expected to become available shortly. It will quickly re-rent at an expected rental rate of $1,000/month with rental rates climbing steadily. All buildings are 4 sided brick, 2 bedroom, 1 bath. Each duplex has its own detached double carport for tenant parking. There is also a detached garage on the property, separate from the Duplexes available for owner storage. Property may be subdivided to yield 3 to 5 additional building lots. Though this property is zoned residential currently, its immediate neighbors are commercial businesses; and with highway frontage, this property has commercial potential. Property receives regular maintenance but is offered as is. Price is respectfully listed as firm. All information provided is deemed reliable but not guaranteed. Kevin Cox is a real estate licensee under the law of Georgia and is acting as principle in this transaction.

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants. Data last updated: 2022-12-03T00:06:11.237.
www.realestatenorthgeorgia.com/homes/134863749
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2091 Highway 138 Highway Jonesboro, GA 30236

  • Price: $1,300,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 221 min ago
  • MLS #: 20087511
0
Beds
0
Baths
0
½ Baths
5
Acres
1984
Built
Neighborhood:
Highway 138 At Fielder Rd
County:
Clayton
Area:
CLAYTON
Elementary School:
Jackson
Middle School:
Roberts
High School:
Mount Zion
Property Description
Are you looking for a great, turnkey investment to add to your portfolio? This package sale of 5 duplexes representing 10 units on 5 acres fronting Georgia Hwy 138 in Jonesboro is a must see! Convenient to I-75 at just 3 miles, this property has over 300' of Highway 138 frontage to the south and over 400' of frontage along Fielder Road to the north. All units are occupied and seller offers these properties with a property manager in place who handles the tenants and maintenance making this investment turnkey and ready to add to your portfolio. Seller wants to keep good tenants happy for the next buyer and minimize disturbances so please do not contact tenants or enter the property. Showings and inspections may be handled during the due diligence. Currently all units are rented at a rate between $800 & $950 per month depending on how long they have been in the unit. While its been more than a year since the seller has had a vacancy, one unit is expected to become available shortly. It will quickly re-rent at an expected rental rate of $1,000/month with rental rates climbing steadily. All buildings are 4 sided brick, 2 bedroom, 1 bath. Each duplex has its own detached double carport for tenant parking. There is also a detached garage on the property, separate from the Duplexes available for owner storage. Property may be subdivided to yield 3 to 5 additional building lots. Though this property is zoned residential currently, its immediate neighbors are commercial businesses; and with highway frontage, this property has commercial potential. Property receives regular maintenance but is offered as is. Price is respectfully listed as firm. All information provided is deemed reliable but not guaranteed. Kevin Cox is a real estate licensee under the law of Georgia and is acting as principle in this transaction.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Brick Garage YN Yes Levels One Lot Size Area 5 Lot Size Source Public Records Lot Size Units Acres Parking Features DetachedGuestKitchen LevelParking Shed Parking Total 20

Interior Features

Above Grade Finished Area Units Square Feet Basement Crawl Space Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None Listing Terms CashConventionalOwner Will CarryOther New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Septic Tank Special Listing Conditions Agent OwnedInvestor Owned Structure Type Duplex Tax Annual Amount 7601 Tax Year 2022 Utilities Electricity Individual MetersGas Individual MetersWater Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Southern Classic Realtors: 678-635-8877. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants. Data last updated: 2022-12-03T00:06:11.237.
 
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