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This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer connections, and there are additional storage units available for rent, providing potential for extra income. The property's prime location is convenient to Walton Piedmont Hospital, making it ideal for traveling nurses, and is close to the Facebook Data Center, Athens, Loganville, and within a 45-minute drive to Atlanta. This combination of updated amenities and strategic location makes the property highly attractive to tenants, ensuring consistent occupancy and strong revenue potential.
| DAYS ON MARKET | 224 | LAST UPDATED | 9/11/2024 |
|---|---|---|---|
| TRACT | Green Acres | YEAR BUILT | 1973 |
| COUNTY | Walton | STATUS | Conditional |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Walker Park |
|---|---|
| Jr. High School | Carver |
| High School | Monroe Area |
| PRICE HISTORY | |
| Prior to Jun 22, '24 | $2,400,000 |
|---|---|
| Jun 22, '24 - Today | $2,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Other |
| HEAT | Central, Electric |
| LOT | 2 acre(s) |
| PARKING | Parking Pad |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Green Acres |
| TAXES | 12600 |
| UTILITIES | Other |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
