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Property profile & analytics
OFF-MARKET
Residential income homes

203 4Th St Springfield, GA 31329

0.3 ac lot Built 1950
Property ID
US22-3311641
Property summary
AI-generated overview

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 profile
Verified
Property type Residential income homes
Year built 1950
Lot 0.3 ac (13,068 SF)
UPID US22-3311641
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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