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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lawrence Team Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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