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    203 4Th St Springfield, GA 31329

    Sponsored
    For Sale
    $425,000

    Two Rental Homes, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two single-family rental homes situated on a 0.3-acre lot in Springfield, Georgia. The property, encompassing 203 and 205 E Fourth St, offers a combined 234 square feet of net rentable space and boasts a prime B-2 zoning designation. One unit, located at 203 E Fourth St, is a recently renovated 3-bedroom, 2-bathroom home featuring fresh paint, new flooring, and updated appliances, ready for immediate occupancy. The second unit, at 205 E Fourth St, is currently occupied by a tenant, providing immediate rental income. Both properties are conveniently located in downtown Springfield, just a block from Laurel St. Built in 1950, this property presents significant upside potential due to its zoning and location. The combined parcels, S1070049 and S1070050, offer a compelling investment opportunity for those seeking a strong return in a desirable location. The asking price for this multifamily property is $425,000.

    Property Features for 203 4Th St

    General Information

    Property type
    Multifamily properties
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Effingham
    State
    Georgia
    Longitude
    -81.307897955312
    Latitude
    32.366533890158

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Two Rental Homes, High Potential
    Where is this multifamily property located?
    The property is located at 203 4Th St Springfield, GA.
    What is the asking price?
    The asking price for this property is $425,000.
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    203 4Th St Springfield, GA 31329
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    Springfield, GA 31329
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 4Th St Springfield, GA 31329
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