$259,900
$259,900
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2245 TO 2253 Bellew DR #5 UNITS Bowman, GA 30624
5 SqFt
Key Details
Sold Price $259,900
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5 sqft
Price per Sqft $51,980
MLS Listing ID 20147629
Sold Date 05/01/24
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 2002
Annual Tax Amount $1,500
Tax Year 2022
Lot Size 5.000 Acres
Acres 5.0
Lot Dimensions 5
Property Description
TURN KEY INVESTMENT with Great returns (CAP Rate 11%) - Trailer Park (5 units) kept in Very Good Condition. Gross Monthly Rental Income $3,100; Gross Annual Rental Income $35,100. 100% OCCUPIED. Current being managed by a Management Company making it a hands free. They can continue to manage it OR you can do it yourself. HVAC systems recently replaced on 4 of the units. Newer flooring in a few of the units. Owners updating the properties when there is a vacancy which is a low turnover. Currently - 5 units in place (Singlewide mobile homes) with an option to add 1 more unit/home. Located minutes from Bowman, GA off Hwy 17 close to Elberton, Royston, Athens, Lavonia, and Hartwell.
Location
State GA
County Elbert
Zoning R1
Rooms
Other Rooms Other, Tractor Shed
Interior
Heating Electric, Central, Forced Air, Heat Pump
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace No
Exterior
Parking Features Other
Garage Spaces 10.0
Fence Fenced, Privacy, Partial
Utilities Available Cable Available, Electricity Available
View Y/N No
Roof Type Composition,Metal
Total Parking Spaces 10
Garage No
Private Pool No
Building
Lot Description Level
Faces Bowman - Hwy 17 South, Right on Fork Creek, Immediate Right on Bennett Rd, Immediate Left on Dud Rd, Bear Left onto Bellew Rd, Look for 5 white mailboxes at the road. Entrance is right before it.
Sewer Septic Tank
Water Well
Structure Type Other
New Construction No
Others
Tax ID 006136
Acceptable Financing Conventional, Land Bank Loan, Small Business Loan
Listing Terms Conventional, Land Bank Loan, Small Business Loan
Special Listing Condition Resale
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