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61 Georgia Ave
Summerville, GA 30747
MLS #8094237

Multi Family
  • 14units
$220,000
Est. P&I payment: $840.25/mo
61 Georgia Ave, Summerville, GA 30747
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Description for 61 Georgia Ave, Summerville, GA 30747
MAJOR PRICE IMPROVEMENT! 13 apartment units and one house that lie in the heart of beautiful Summerville, Georgia. Units are leased on monthly, bi-weekly and weekly schedules and provide monthly income ranging from $255 to $480 per month. The house sits at the rear of the apartments and is @ 1500 sq feet. There is a garage and several storage buildings on the property. The properties sit across from City Hall and are in walking distance to restaurants, banks, drugstores and other retail stores. Priced at $249,500 ($17824. per unit) this property cash flows monthly. The owner lives in the house and pays no rent. The new buyer can easily lease the house for $550-$600.00 monthly.
MLS #8094237
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My Notes for MLS #8094237

General Features

  • Year Built: 1963
  • Area: CHTO
  • Property Type: Multifamily
  • Subdivision: Downes Family Apartments
  • Multi Type: Other (See
  • Total Units: 14

Exterior Features

  • Construction: Brick/Fram
  • Stories: 1 Story,​Mu

Utility Features

  • Heating Source: Electric
  • Heating Type: Baseboard
  • Cooling Source: Electric
  • Cooling Type: Window Uni
  • Water/Sewer: Public Wat

Financial Features

  • Tax ID: 00s27-00000-14-000;00s27-00000-141-000
  • Taxes: 427.27
  • Tax Year: 2015
  • Unit 4 Lease Term: Month To M
  • Annual Electricity ($): 3,293
  • Annual Gas ($): 500
  • Annual Gross Expense: 8,397
  • Annual Gross Income: 37,385

School Features

  • Elem School: Leroy Mass
  • High School: Chattooga
  • Middle School: Summervill
  • Elementary School Bus: Y
  • High School Bus: Y
  • Middle School Bus: Y

Miscellaneous Features

  • Acreage Source: Acreage No
  • DOM: 503
  • Construction Status: Resale
The listing information for 61 Georgia Ave, Summerville, GA 30747 was graciously provided by our friends at the listing brokerage, Toles, Temple & Wright, Inc.

Location

 
Street View Not Available
Directions to 61 Georgia Ave, Summerville, GA 30747
Take Highway 27 to downtown Summerville. Georgia Avenue is the first street to the left if traveling north from Rome. The properties sit at the corner of Hwy 27 and Georgia Avenue.

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P&I Payment $840.25
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Team Blair - Better Homes and Gardens Real Estate Success's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Team Blair - Better Homes and Gardens Real Estate Success, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 09/23/2018 at 2:12pm
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