$775,000

0 Hwy 17, Toccoa, GA 30577
Multi-Family
MLS# 20170917 | Active

CAP continues to rise with scheduled rate increases taking effect so STAKE YOUR INVESTMENT CLAIM with this 8 unit rental community with a history of high occupancy on 11+ Prime ACRES, plenty of room for additional UNITS, and a current 7.3% CAP rate. Situated in between Ga Hwy 17, Historic Hwy 17, and Sisk Rd, this property has ingress and egress access to ALL 3 roads with almost 1,600 ft of road frontage. METICULOUSLY MAINTAINED with ALL NEW METAL ROOFS, these units have individual electrical meters, and wastewater systems with community water (public) and 3rd party trash service provided by the owner. History of long term responsible renters who collectively keep their own outdoor space maintained and free from clutter. DIRECTLY ADJACENT TO NORTH GEORGIA TECHNICAL COLLEGE, this property is located in a tri-county region with extremely low inventory of fee simple and rental housing. Property location is ideal with only a 12 minute drive to I-85 (Lavonia) and 13 minute drive to Historic Downtown Toccoa. Compensation Statement: Listing Broker's offer of compensation to Selling Broker is not limited to MLS membership where the listing is filed.

4/29/2024 4:30 AM
Listing Information
Property Type: Multi-Family, 1 Story
11.14 Acres
2003
1
Vinyl siding
None
Public
Septic Tank
School Information
Big A
Stephens County
Stephens County
Room Information
Bathrooms
Interior Features
Central Air, Ceiling Fan(s)
Electric Heating, Forced Air, Central
None
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces, Parking Pad
Vinyl
Driving Directions
I-85 to exit 173. Travel North on Hwy 17 for approximately 8 miles and make u-turn to travel South on Hwy 17 at next turn ramp. Turn right on to Sisk Road.
Area map
Walk Score
Financial Considerations
061 012 (TRACT 2)
$1,192
1031 Exchange, Cash, Conventional
Listing Price History

Courtesy: Living Down South Realty

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Georgia MLS. All rights reserved.