1370 Aiken Rd Bogart, GA 30622
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1370 Aiken Rd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of four income-producing residential properties located in the thriving Athens and Bogart, Georgia areas. The portfolio comprises two single-family homes in Athens (located at 110 Flannigans Place and 325 Ansley Drive) and a duplex in Bogart (situated at 1370/1372 Aiken Road). All four units are currently 100% occupied with existing tenants, generating a substantial net operating income (NOI) of $56,883, resulting in a pro-forma cap rate of 6.89%. The properties boast recent renovations completed in 2024, ensuring modern appeal and minimizing immediate maintenance needs. Built between 1978 and 1981, these properties offer a blend of established character and updated amenities. The portfolio's strong occupancy and recent upgrades provide a stable foundation for immediate cash flow, with potential for future rent increases upon lease renewals or tenant turnover. This is an ideal investment for those seeking a diversified, high-yield rental portfolio in a desirable Georgia market. The asking price for this turnkey investment is $825,000. This portfolio offers a compelling opportunity to acquire a well-maintained, income-generating asset with significant upside potential. The properties are conveniently located in Oconee County, Georgia, with the Bogart property located at zip code 30622.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bogart
- County
- Oconee
- State
- Georgia
- Longitude
- -83.5491137
- Latitude
- 33.9434623
