3950 S Dixie Hwy
Property Description
Value-add multifamily opportunity on South Dixie Highway featuring 11 income-producing units on 2.02 acres with strong in-place cash flow and expansion upside. All units were extensively remodeled in 2024-2025, minimizing near-term CapEx, with new roofs on the houses (2022) and apartments (2024). The property was upgraded from septic to city sewer with a heavy-duty pump station and new piping designed to support future expansion. Recently rezoned from R-6 to R-7 High Density Residential, the site includes a preliminary plan allowing six additional 600 SF units, increasing total potential to 17 units while remaining within zoning density requirements. Gross income over the past 12 months totals approximately $93,547.29, with detailed financials and documented capital improvements available.Broker Details
Selling North Georgia Realty 706-271-6549
MLS ID: 457_746
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $750,000 |
| No. of Units: | 11 |
| Lot Size: | 7,395.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $68,182 |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 7 |
ID: 3yd-DMIGA-133897
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