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1152 Magnolia St
LaFayette, GA 30728
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 2.86 AC |
| Property Type | Multifamily | Building Size | 3,600 SF |
| Property Subtype | Average Occupancy | 100% | |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | B | Year Built | 2016 |
| Zoning | A1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.86 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2016 |
| Zoning | A1 |
About 1152 MAGNOLIA ST , LAFAYETTE, GA 30728
2 Newly constructed 2017 duplexes both featuring 2 units each with 2 bedrooms, 1 full bath, living room, eat in kitchen with 900 sq ft of living space per unit. These 4 units are all 1 level and they include laundry hook-up, dishwasher, microwave, range, refrigerator and average rent for $710 a month each $2840 current Rent Roll). Very low maintenance expense! The storage building on site is a bonus for the owner to use as they see fit! (management company does not pay taxes or insurance and any documentation we have does not include these figures). 1. This property is being managed by a Professional Management Company. 2. All units rented. Unit A-$725 month lease ends 5/23/20, Unit B-$715 month lease ends 12/9/19, Unit C-$675 month lease ends 12/9/20, Unit D-$725 month lease ends 12/6/20. 3. Tenants cover all utilities. 4. All units are on sewer according to our records. I have attached the P&L for January - November 2019 and annualized the numbers. This is likely a bit low though due to the last few months being stronger than the first few months of the year.The numbers are actuals` as based in our system. We are also the property managers on this property and this P&L includes Professional Management service fees.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
Property Taxes
| Parcel Number | 0472-002 | Improvements Assessment | $177,566 |
| Land Assessment | $13,766 | Total Assessment | $191,332 |
Property Taxes
