Tunnel Hill Duplex Investment
367 Old Cottonwood Mill Road Tunnel Hill, GA 30755
367 Old Cottonwood Mill Road, Tunnel Hill, GA, 30755
$295,000
For Sale
$295,000
MULTI_FAMILY - Tunnel Hill, GA
Property Size1,516 SF
Lot Size1.00 Acre
Price / SF$194.59
Days on Market82
Property Features for 367 Old Cottonwood Mill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Condominium
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 1, Bedroom 3
- Patio and Porch features
- Patio
- Interior features
- Laundry Room
- Exterior features
- Patio
- Appliances
- Microwave Built-in, Oven/Range, Refrigerator
- Standard status
- Active
- APN
- 27-053-01-015
- Size
- 1,516 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2454
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile - Ceramic
- Roof type
- Metal
Listing Agency
Keller Williams Heritage
(706) 459-3107
1714 Cleveland Highway, Dalton, GA
Listed by
Marbin Campos
(706) 280-9323
Added: Apr 27 Checked: Jul 17 at 2:06 pm
MLS# 135445
Listing URL
Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex in Tunnel Hill, Georgia, presents an investor opportunity with strong income potential. The property, situated on a 1-acre lot, features a total building size of 1516 square feet. Each unit offers comfortable living space with great rental appeal. This property is a solid choice for expanding an investment portfolio or starting a new venture.
Key Highlights
- Duplex built in 1982 with central heating and central air conditioning
- Each unit includes a laundry room and appliances such as built‑in microwave, oven/range, and refrigerator
- Tile and carpet flooring throughout the interior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.5k | $10.20 |
| − Vacancy | −$850 | −$0.56 |
| EGI | $14.6k | $9.64 |
| − OpEx | −$4.4k | −$2.89 |
| NOI | $10.2k | $6.75 |
1,516 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$146.1K
$127.9K – $170.5K
NOI $10,229 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,220 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong income potential in Tunnel Hill.
Where is this duplex located?
The property is located at 367 Old Cottonwood Mill Road Tunnel Hill, GA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Duplex built in 1982 with central heating and central air conditioning; Each unit includes a laundry room and appliances such as built‑in microwave, oven/range, and refrigerator; Tile and carpet flooring throughout the interior
