Bought with Derrick Yarbrough • COLDWELL BANKER PREMIER REAL E
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1309 S Mill St Lakeland, GA 31635
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Key Details
Sold Price $101,939
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $56
Subdivision Lakeland
MLS Listing ID 125128
Sold Date 07/19/21
HOA Y/N No
Annual Tax Amount $1,905
Tax Year 2020
Lot Size 0.540 Acres
Property Description
Nice brick duplex on large lot within city limits of Lakeland. Each unit is a 3BR/1BA currently rented for $450/month. Garage and utility rooms for both sides. Roof is relatively new (3 years), modern appliances, carpet and tile throughout. Value add opportunity here to raise rents significantly as market rents for similar rentals are $550. $10,800 monthly gross with 35% operating expenses make this a 7.02% cap rate at list price. At $550/rents proforma cap rate is 8.59%.
Location
State GA
Area 10-Lanier County
Zoning *
Interior
Interior Features Other
Heating Central, Electric
Exterior
Exterior Feature Other
Pool None
Roof Type Shingle
Parking Type Carport
Building
Story One
Sewer Public Sewer
Water Public
Others
Tax ID L12 0037
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