Super investment opportunity! 6-unit apartment complex in Colbert located across from Colbert Elementary School and less than ¼ mile from Highway 72. All units are occupied and well maintained producing a strong income with room for increase. GREAT OPPURNITY. WONT LAST LONG!! **no sign ** Shown by appointment only ** NO commission paid on seller concessions.
Sold for $700,000 on 11/06/23
$700,000
290 Colbert School Rd, Colbert, GA 30628
--beds
0baths
6,528sqft
MultiFamily
Built in 1985
-- sqft lot
$494,100 Zestimate®
$107/sqft
$1,301 Estimated rent
Home value
$494,100
$395,000 - $598,000
$1,301/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Laundry: Hookups In Unit
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 6,528 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 1.34 Acres
Details
- Parcel number: 0058062
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
- Foundation: Slab
- Roof: Asphalt
Condition
- Year built: 1985
Utilities & green energy
- Water: Public Water
Community & neighborhood
Location
- Region: Colbert
Other
Other facts
- Heating: Electric, Central
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 6
- ConstructionMaterials: Wood Siding
- Cooling: Central Air
- StructureType: Multi Family, Apartments (5+ Units)
- ParkingFeatures: Parking Pad
- FarmLandAreaSource: Public Record
- LotDimensionsSource: Public Records
- WaterSource: Public Water
- RentIncludes: Water/Sewer, Trash Collection
- LaundryFeatures: Hookups In Unit
- BeastPropertySubType: Multifamily
- GrossIncome: 40100
- MlsStatus: Under Contract
- NetOperatingIncome: 40100
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 3/7/2024 | Listed for rent | $1,200+4.3% |
Source: Zillow Rentals | ||
| 1/20/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 1/11/2024 | Listed for rent | $1,150 |
Source: Zillow Rentals | ||
| 11/6/2023 | Sold | $700,000+98%$107/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,262 +4.7% | $207,084 +7.2% |
| 2023 | $5,026 +7.5% | $193,122 +13.9% |
| 2022 | $4,678 +19.5% | $169,586 +32.3% |
Find assessor info on the county website
Neighborhood: 30628
Nearby schools
GreatSchools rating
- 5/10Colbert Elementary SchoolGrades: K-5Distance: 0.1 mi
- 4/10Madison County Middle SchoolGrades: 6-8Distance: 5.2 mi
- 7/10Madison County High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Colbert
- Middle: Madison County
- High: Madison County
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$494,100
2% more+ $9,882
With Zillow Showcase(estimated)
$503,982