Duplex Residential
For Sale
$289,000
367 Old Cottonwood Mill Rd, Tunnel Hill, GA 30755
Two-unit residential asset offering an income-producing configuration in Tunnel Hill.
Property Size1,516 SF
Price / SF$190.63
Days on Market58
Property Features for 367 Old Cottonwood Mill Rd
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,454
Listing Agency:
Keller Williams Realty
Listed By:
Marbin Campos
(423) 664-1900
Source:
Exprealty
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 15 at 1:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex property contains 1,516 square feet of residential space arranged across two units. The two-unit format provides a straightforward residential income property configuration.
Located at 367 Old Cottonwood Mill Rd in Tunnel Hill, GA, the property is offered for sale.
Located at 367 Old Cottonwood Mill Rd in Tunnel Hill, GA, the property is offered for sale.
Key Highlights
- Duplex configuration with two residential units
- 1,516 square feet of property size
- Located at 367 Old Cottonwood Mill Rd, Tunnel Hill, GA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,229
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,580
$204.6K
Cap Rate 7%
$146,129
$146.1K
Cap Rate 9%
$113,656
$113.7K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$15.5K $10.20/SF
− Vacancy
−$850 −$0.56/SF
EGI
$14.6K $9.64/SF
− OpEx
−$4.4K −$2.89/SF
NOI
$10.2K $6.75/SF
Area
Whitfield County, GA
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,580
Cap Rate 7%
$146,129
Cap Rate 9%
$113,656
Alternative Uses
Best Use
Multifamily LT 5
$146.1K
$127.9K – $170.5K
NOI $10,229 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,220 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 30755, GA
9,930
Population
4,080
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
83%
High-School Grad
36.8 sq mi
ZIP Area
270
Density / Sq Mi
$70,433
Median Household Income
$40,741
Median Earnings
$799
Median Rent
$184,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential asset offering an income-producing configuration in Tunnel Hill.
Where is this duplex located?
The property is located at 367 Old Cottonwood Mill Rd Tunnel Hill, GA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; 1,516 square feet of property size; Located at 367 Old Cottonwood Mill Rd, Tunnel Hill, GA
