Property summary
This exceptional mixed-use property in McDonough, Georgia, presents a lucrative investment opportunity. Situated on a sprawling 13-acre lot, this offering includes two separate buildings: a single-family residence boasting two bedrooms, two full baths, and a loft; and a duplex featuring two two-bedroom, one-bathroom units, each with a partial basement. Both residential units are currently occupied by long-term tenants, generating consistent rental income. The property also features a substantial detached garage/workshop complete with power, adding further versatility. With nearly 1000 feet of road frontage on Georgia Highway 42, this location offers excellent visibility and convenient access. The property's ample land provides significant potential for future development, such as a small apartment complex or active adult community. Its proximity to the McDonough Square (less than 3 miles) enhances its appeal and accessibility. The asking price is $1,725,000. Built in 1945, this property offers a blend of established income and exciting expansion possibilities. Serious inquiries only; please schedule a viewing appointment to learn more about rental lease terms and parking instructions. Please respect the privacy of current tenants and refrain from disturbing them.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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