CAP continues to rise with scheduled rate increases taking effect so STAKE YOUR INVESTMENT CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES, plenty of room for additional UNITS, and a current 7.3% CAP rate. Situated in between Ga Hwy 17, Historic Hwy 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. METICULOUSLY MAINTAINED with ALL NEW METAL ROOFS, these units have individual electrical meters, and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. DIRECTLY ADJACENT TO NORTH GEORGIA TECHNICAL COLLEGE, this property is located in a tri-county region with extremely low inventory of fee simple and rental housing. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa. Compensation Statement: Listing Broker's offer of compensation to Selling Broker is not limited to MLS membership where the listing is filed.
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Listing information last updated on May 8th, 2024 at 9:46pm EDT.