Created date: April 16, 2024
Date last updated: July 10, 2024
- - 4,635 SF with 8 units in multiple locations
- - Diverse mix: 3 single family homes, 5 modular homes
- - Over 4.6 acres of land combined
- - Fully leased with monthly rent of $6,850
- - Tenants on month-to-month leases
- - Self-managed by sellers
- - Potential to increase rent with turnover or new leases
Property Description
Meybohm Commercial Properties is proud to exclusively present this rare investment opportunity spanning two counties in Warrenton and Thomson, Georgia. FULLY LEASED investment opportunity spanning two counties in McDuffie and Warren County, just outside of Augusta, Georgia is now available. This 8 unit single-family rental portfolio is 100% tenant occupied and comprises 8 different parcels across multiple locations. Spanning over 4.6 acres of combined land, these properties offer a diverse mix of housing options, including three single-family homes and five modular homes, providing investors with versatility and potential for increased rental income.
Currently, all units are fully leased, generating a steady monthly rent of $6,850. Notably, the low controllable expenses associated with these properties enhance their attractiveness to potential investors. Tenants assume responsibility for utilities and landscaping maintenance, resulting in a favorable investment environment with minimized overhead costs.
With tenants on month-to-month leases and self-management by the sellers, there exists significant potential to optimize returns through strategic rent adjustments upon turnover or the initiation of new leases. This presents an opportunity for investors seeking stable rental income and long-term growth potential in the thriving rental markets of Warrenton and Thomson.
UPDATES TO NOTE:
5609 Murray Avenue- Completely redone this year with new roof, HVAC and all of the interior.
49 Memorial Drive- Metal roof. 2024- updated plumbing and electrical this year.
383 Morningside - New roof- 3 years old
121 W Gibson St -Updated plumbing. Roof is 3 years old
178 Academy Street - New roof less than 3 years old
266 Mayfield Road - Roof installed in 2016
1884 Ridgeview Drive- Roof is 4 years old
McDuffie County Properties:
5609 Murray Avenue, Thomson, GA, 30824
1884 Ridgeview Drive, Thomson, GA 30824
1934 Ridgeview Drive, Thomson, GA 30824
383 Morningside Drive, Thomson, GA 30824
Warren County Properties:
266 Mayfield Road, Warrenton, GA 30828
178 Academy Road, Warrenton, GA 30828
49 Memorial Drive, Warrenton, GA 30828
121 W Gibson Street, Warrenton, GA 30828
Don't miss this opportunity to acquire a diversified portfolio in two thriving rental markets, poised for continued growth and profitability. Contact us today to