621 Nicklesville Road NE
Property Description
An exceptional opportunity for investors seeking an established multifamily property with immediate income potential. Located on Nicklesville Road in Resaca, this well-maintained 8-unit property offers a versatile mix of six 3-bedroom, 1-bath apartments and a duplex with 2-bedroom, 1-bath units, providing a strong combination of unit sizes for today's rental market. The property offers approximately 7,600+ square feet of living space and was constructed in 1987. Each unit provides functional living areas with comfortable floor plans, while the property as a whole offers convenient parking and a layout designed for multifamily living. The current rental structure provides approximately $88,200 in annual gross income, with reported annual expenses of approximately $15,906, resulting in an estimated $72,294 NOI. At the current asking price, the property offers an attractive opportunity for an investor looking to acquire an income-producing multifamily asset. Situated in the Resaca area with convenient access to major roads and I-75, the property combines a quiet North Georgia setting with accessibility to surrounding communities. Whether you're expanding an existing portfolio or looking for your first multifamily investment, 621 Nicklesville Road offers scale, multiple income streams, and long-term potential in one property.
Broker Details
Samantha Lusk and Associates Realty, Inc. (706) 629-3007
MLS ID: BROCKBR
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,100,000 |
| No. of Units: | 8 |
| Year Built: | 1987 |
| Opportunity Zone: | No |
| Price per unit: | $137,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FMLSGA-7828125
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
121/123 Carolina Drive
Tryon, North Carolina
136 Halls Lane, Unit 138
Lexington, KentuckyBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout