Active
206 S Main St, LaFayette
La Fayette GA, 30728
$465,000
$116.48 per sqft
Active
12 Beds
7 Baths
3,992 sqft
Multi-family
Built in 1952
PRIME MULTI-FAMILY INVESTMENT OPPORTUNITY IN AN INCREDIBLE LOCATION! Conveniently located on over an acre lot on Main Street in Downtown LaFayette, GA, with 150+ Feet of road frontage on both Main Street and S. Cherokee Street, this incredible, unique opportunity consists of a 2600+ SQ FT Duplex with 2 Bedrooms + 1 Bath in each unit, a 2 Bedroom, 1 Bath Single Family Home with 1000+ SQ FT, and a small, cottage style home offering 1 Bedroom and 1 Bath. All of the dwellings have been updated and cared for, with the current owner's updates consisting of new roofs, new windows, new flooring throughout, new paint, in addition to other interior and exterior renovations. All units expect for one side of the duplex are occupied, with all but one unit being on a month-to-month lease basis. These rental units far exceed expectations, with pride of ownership being apparent and demonstrated by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immediate financial adjustment in order to align more with the current fair market rental rates. The front portion of the property with Main Street road frontage also offers potential future development. If you are looking for a rare, fruitful investment opportunity to add to your real estate portfolio, don't miss this one. Call today to schedule your private tour of this fantastic piece of real estate!
1387067
MLSⓇ ID
February 19, 2024
Listed
May 9, 2024
Updated
Map
206 S Main St, LaFayette
La Fayette GA, 30728
Interior Features
Total Stories
1
Bedrooms
12
Total Bathrooms
7
Full Bathrooms
7
Fireplace
No
Cooling
Yes
Heating
Yes
Heating Description
Gas
Exterior/Building Features
Lot Size
1.24 Acres
Lot Features
Level
Roof
Shingle
School Information
High School
LaFayette High
Elementary School
North LaFayette Elem School
Other Property Details
Taxes
$3,144
Tax Frequency
Annually
Garage
No
View
No
County
Walker
Water Source
On Sewer, Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
4/18/2024 | Price Change | $465,000 -6% |
Courtesy of Better Homes and Gardens Real Estate Jackson Realty
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