201 203 Remsdale Street
Property Description
### INVESTOR ALERT | MULTIPLE INCOME STREAMS! Looking for an investment property with existing rental income and additional value-add potential? This unique Toccoa property offers two residential units plus a detached 24' x 30' garage/workshop, creating multiple opportunities for income and future expansion. LARGE APARTMENT Recently refreshed, move-in ready, and currently vacant. This spacious apartment offers approximately $1,200/month in estimated rental income, including utilities, along with a convenient laundry hookup. STUDIO APARTMENT Currently occupied and producing $900/month in rental income, including utilities. DETACHED GARAGE/WORKSHOP The impressive 24' x 30' building features two roll-up doors, a pedestrian entrance, and a full bathroom. Estimated rental potential is approximately $800/month as a workshop or storage space. There may also be potential to explore conversion to additional living space, subject to applicable approvals and requirements. POTENTIAL MONTHLY INCOME * 2 Bed/1 Bath Apartment: $1,200/month (available) * Studio Apartment: $900/month, currently occupied * Garage/Workshop: Approximately $800/month * Potential total: Approximately $2,900/month Additional highlights include low operating costs, two separate water meters, utilities averaging approximately $200-$300/month, and insurance of approximately $900/year. Whether you're an investor looking to expand your portfolio or an owner-occupant looking for additional income, this property offers flexibility, existing cash flow, and multiple possibilities for future value. A unique opportunity to own a property with multiple income-producing components - and room to potentially create even more value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $224,900 |
| No. of Units: | 2 |
| Year Built: | 1981 |
| Opportunity Zone: | No |
| Price per unit: | $112,450 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GAMLS-10855991
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