George St Grovetown, GA 30813
- Residential income homes
- 5,973 SF
- 0.74 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 0 George St
- Year built
- 2002
- Lot size
- 0.74 lot acres
- Property size
- 5,973 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four single-family homes totaling 5,973 square feet, situated on a 0.74-acre lot in Grovetown, Georgia. The property, located on George Street, zip code 30813, boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $45,000 annually, representing a 6.43% cap rate. Each unit offers approximately 1,493 square feet and is priced at $174,975. Built in 2002 and renovated in 2017, the property features significant recent updates, including three new HVAC systems, new flooring, fresh paint, and tiled showers. The complex is enhanced by a security access gate and common area lighting, providing tenants with peace of mind. Its convenient location within the city limits of Grovetown places it minutes away from Fort Gordon, shopping centers, dining establishments, and other amenities. This stabilized investment portfolio presents a compelling opportunity for discerning investors seeking a strong return on investment in a desirable location. The property's four buildings are all single-story structures. The asking price for this turnkey investment is $699,900, translating to a price per square foot of $117.18. The property includes one additional pad, offering potential for future expansion. The Columbia County location and strong rental market make this a highly attractive proposition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grovetown
- County
- Columbia
- State
- Georgia
- Longitude
- -82.188
- Latitude
- 33.4552
