4 Unit Quadplex that generates $2425 per month in income. Fully rented with rents of Unit 1: (2/1) $725, Unit 2: (2/1) $650, Unit 3: (1/1) $500, Unit 4: (1/1) $550. This is a hot rental market partly due to proximity to larger cities and also due to lack of competition in the area. Putting a for rent sign by the roads yields lots of interested renters immediately. Immediate opportunity to raise rents. Apartments have each been renovated extensively in the last 2-3 years. All have newer HVACs. Metal roof in good condition. Self managed and have chosen excellent renters. Txt or call me directly at 478-972-1629
Off market
$339,400
50 Alvaton Rd, Gay, GA 30218
6beds
0baths
3,016sqft
MultiFamily
Built in 1940
-- sqft lot
$339,400 Zestimate®
$113/sqft
$1,236 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
- Full bathrooms: 4
Heating
- Forced air, Heat pump, Electric
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Hookups In Unit
Features
- Flooring: Carpet
- Basement: None
Interior area
- Total interior livable area: 3,016 sqft
Property
Parking
- Total spaces: 8
- Parking features: Off-street
Features
- Exterior features: Cement / Concrete, Composition
Lot
- Size: 2.57 Acres
Details
- Parcel number: 118003001
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Masonry
- Roof: Metal
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Gay
Other
Other facts
- Sewer: Septic Tank
- WaterSource: Well
- Appliances: Range/Oven, Refrigerator, Other
- Heating: Electric, Heat Pump, Central
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 4
- LeaseTerm: 12 Months
- Cooling: Heat Pump, Central Air, Ceiling Fan(s)
- Basement: Crawl Space, Walk-Out Access
- RentIncludes: See Remarks, Water/Sewer, Trash Collection
- WaterSewerExpense: 0
- GrossIncome: 24840
- StructureType: Multi Family
- ParkingFeatures: Off Street, 2 Car
- FarmLandAreaSource: Public Record
- LotDimensionsSource: Public Records
- ConstructionMaterials: Press Board Siding
- FuelExpense: 0
- LaundryFeatures: Hookups In Unit
- BeastPropertySubType: Multifamily
- OperatingExpense: 4600
- MlsStatus: Under Contract
- NetOperatingIncome: 20240