809 Atlantic Avenue, Unit 807
Property Description
This well-maintained duplex is an excellent investment opportunity in a desirable area of Waycross, conveniently located near shopping, dining, and schools. Each unit features 2 bedrooms and 1 bathroom and has a strong history of attracting long-term tenants who appreciate the quiet, peaceful setting. Unit 807 is currently leased for $600 per month (below current market rent), providing an opportunity for future rental growth. Unit 809 was leased for $800 per month (market rate), but the tenant has recently moved out, giving the new owner the flexibility to select their own tenant or occupy the unit if desired. With one unit producing immediate income and the other ready for a new tenant, this property offers a great combination of current cash flow and upside potential. Based on recent rental rates, the duplex has a gross rental income potential of $1,400 per month and potentially $1,600 per month. Duplex has a recent cap rate of 8.95% and potential of 10.45% or more when taking into account taxes and insurance. Unit is being sold AS-IS. Owner is a licensed real estate agent in the state of Georgia.Broker Details
Situs Real Estate, LLC 216-401-9700
MLS ID: 290501407 State License Number: 415870
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $160,000 |
| No. of Units: | 2 |
| Year Built: | 1955 |
| Lot Size: | 1,484.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $80,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-GIAORGA-2001553
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