103 Spring Street

    Grovetown, GA 30813
    • $600,000
    • STATUS: Active
    • ON SITE: 118 days
    • MLS #: 431090
    UPDATED: 135 min ago
    $600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,000
      SQFT
    • $26
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    21 Space park. All units are park owned rentals. Most of the units have been remodeled. Park is in a great location with super high demand. This park is stabilized and does great. Easy to manage. Park includes a second park very close by which has 15 spaces and 10 units. Site makes more sense as a redevelopment site. That park is a mess and is currently shut down. Units could be fixed up and repaired and rented out. Make an offer on one or both together. Proforma CAP rate is 9.44 and on actual is over 8.37% today. Rents are currently low and can be raised. Current ownership doesn't charge late fees also which would be additional revenue source. This site has great future redevelopment potential as well. Jernigans has dirt roads, county water and county sewer. The other parcel included in the sale is county water/sewer and paved roads.

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    IDX information © 2018 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Young & Partners. Data last updated 2018-12-09T23:55:42.107.
    www.everyhomeaugusta.com/homes/86508905

    103 Spring Street Grovetown, GA 30813

    • Price: $600,000
    • Status: Active
    • Updated: 135 min ago
    • MLS #: 431090
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    23,000
    SQFT
    $26
    $/SQFT
    1968
    Built
    Neighborhood:
    None-3Co
    County:
    Columbia
    Area:
    Grovetown
    Elementary School:
    Grovetown
    Middle School:
    Grovetown
    High School:
    Grovetown High
    Property Description
    21 Space park. All units are park owned rentals. Most of the units have been remodeled. Park is in a great location with super high demand. This park is stabilized and does great. Easy to manage. Park includes a second park very close by which has 15 spaces and 10 units. Site makes more sense as a redevelopment site. That park is a mess and is currently shut down. Units could be fixed up and repaired and rented out. Make an offer on one or both together. Proforma CAP rate is 9.44 and on actual is over 8.37% today. Rents are currently low and can be raised. Current ownership doesn't charge late fees also which would be additional revenue source. This site has great future redevelopment potential as well. Jernigans has dirt roads, county water and county sewer. The other parcel included in the sale is county water/sewer and paved roads.
    Exterior Features

    Exterior Finish Other-See Remarks Lot Size 2.7

    Interior Features

    Cooling Other-See Remarks Heat Delivery Other-See Remarks Unit Four Inclusions Other-See Remarks Unit One Inclusions Other-See Remarks Unit Three Inclusions Other-See Remarks Unit Two Inclusions Other-See Remarks

    Property Features

    Amenities Other-See Remarks Financing Other-See Remarks New Construction No Owner Financing No Property Type 10+ Units REO Not Applicable Sewer Other-See Remarks Short Sale No

    Listing courtesy of Sherman & Hemstreet Real Estate.


    IDX information © 2018 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Young & Partners. Data last updated 2018-12-09T23:55:42.107.
     
    Young & Partners
    3633 Wheeler Road, Suite 125
    Augusta GA, 30909