Bought with Tommy Cangelosi • Georgia Florida Real Estate Services
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19 & 21 Franklin Avenue Lakeland, GA 31649
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 12,080 sqft
Price per Sqft $60
Subdivision Long Legal
MLS Listing ID 127310
Sold Date 12/22/21
HOA Y/N No
Annual Tax Amount $2,576
Tax Year 2020
Lot Size 1.050 Acres
Property Description
Live Oak Apartments Sale consisting of 2 buildings with 8 units each. Each Building has 6040 Square Feet Heated Area. Building A has 8 units all have 2 bedrooms 1 bath per unit. Building B has 2 units that have 1 bedroom1 bath, 4 units that have 2 bedrooms 1 bath and 2 units have 3 bedrooms 1 bath. The current rent roll is $7,570 per month. Find rent roll in documents attached to MLS. All tenants have been notified of a rent adjustment effective February 1, 2022 to be as follows: The 1 bedroom units will rent for $425 per unit. The 2 bedrooms will rent for $525 and the 3 bedrooms rent for $595. Total Monthly Income Beginning February 1, 2021 will be $8,340. The 2 buildings are 2 story buildings. There are 4 upstairs units and 4 downstairs units per building. Several pecan trees on the property.
Location
State GA
Area 10-Lanier County
Zoning Multi-
Interior
Interior Features Insulated, Cable TV Available, Draperies, Ceiling Fan(s), Blinds
Heating Central, Electric
Cooling Concrete, Carpet, Vinyl
Flooring Concrete, Carpet, Vinyl
Exterior
Exterior Feature None
Pool None
Roof Type Shingle
Porch Deck, Front
Parking Type 2 Cars, Driveway
Building
Story Two
Sewer Public Sewer
Water Public
Others
Tax ID L08 0025-0026
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