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Browse More Listings in Multifamily For Sale, Gainesville, GA or Georgia

Multifamily Property For Sale

8 Rental Houses on 2.5+ Acres in Gainesville

200 Stringer Avenue, Gainesville, GA 30501

Price:
$549,000
No. Units:
8
Building Size:
10,000 SF
Price/Unit:
$68,625
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Government Subsidized
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
1%
Occupancy:
100%
Lot Size:
2.59 AC
Find Out More...

Last Verified 10/1/2009 Listing ID 15725100

Description

8 single-family houses on 2.5+ acres in Gainesville, GA. Some brick and some frame. 2, 3 and 4 bedroom units. 100% occupied with excellent stability and rental history. Occupancy in 2008 was 100%. Most tenants are families with no "problem tenants." Most all pay cash. Easy collections.

The entire block of Stringer Avenue from Hall Street to Mimosa. Stringer Avenue is in between Atlanta Highway and Industrial Boulevard in Gainesville.

Financial Summary

Actual
Net Operating Income
$51,750

Map of 200 Stringer Avenue, Gainesville, GA 30501 (Hall County)

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Created 5/22/2008

Additional Information for 200 Stringer Avenue, Gainesville, GA 30501

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 8 Rental Houses on 2.5+ Acres in Gainesville

200 Stringer Avenue, Gainesville, GA, 30501