400 S Pond St., Toccoa, GA 30577

400 S Pond St., Toccoa, GA 30577
Photo 1 of 10
$174,000
Sold on 7/21/15
Beds Baths Sq. Ft. Taxes Built
0.00 0 $3,644 1980
On the market: 119 days
Doug Ferguson
(404) 458-1672
King Team (Atlanta Communities)
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View full details, 15 photos, school info, and price history
HUGE INCOME POTENTIAL! 8 UNITS. 2 QUADS: one w/ four 2-story, 2 bed, 1.5 bath units, one w/ four 1-story 2 bed, 1 bath units. 2 units currently rented, 2 units are renovated (with carpet, linoleum, window re-glazed, paint) & rentable, four other units are vacant & require repairs. One bldg has new roof & 4 new decks. Parking lot has been resurfaced. Toccoa average rental rates for 1 & 2 bed apartments are $300-$500/mo. There is a college near here. After repairs, w/ full occupancy @$400 rent, net taxes & insurance, full price offers potential cap rate of about 18%!!
Toccoa

Toccoa

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Listing courtesy of Susan Evert & Christine Slate, Southern Realty of North GA, LLC. & Southern Realty of North GA, LLC.