2479 Old Louisville Rd Guyton, GA 31312
- Residential income homes
- 3,694 SF
- 4.33 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2479 Old Louisville Rd
- Lot size
- 4.33 lot acres
- Property size
- 3,694 SF
- Property type
- Residential income homes
- APN
- 02510016
Description
This exceptional investment opportunity presents a portfolio of three single-family rental homes situated on a spacious 4.33-acre lot in Guyton, Georgia. The property, located at 2479 Old Louisville Road, boasts a total of 3,694 square feet of rentable space, with each unit commanding a price of $158,333. Built in 1940, 1980, and 1986, the homes underwent renovations in 2024. Currently operating at 100% occupancy with month-to-month leases, this presents a significant value-add opportunity to increase profitability. The current Net Operating Income (NOI) stands at $26,167, yielding a 5.51% cap rate. However, a pro-forma analysis projects a substantial increase in NOI to $39,367, resulting in an impressive 8.29% pro-forma cap rate. The property is zoned residential and offers significant upside potential due to the ability to adjust rental rates to market value. This is a rare chance to acquire a multi-family investment in a desirable location with immediate cash flow and strong future growth prospects. The asking price for this turnkey investment is $475,000, representing a price per square foot of $128.59. The property's location on Old Louisville Road (Hwy 17 North) provides excellent accessibility. The Effingham County location adds to its appeal. This is a compelling opportunity for investors seeking immediate returns and long-term appreciation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Guyton
- County
- Effingham
- State
- Georgia
- Longitude
- -81.443628433057
- Latitude
- 32.37037515616
