206 Main St S, Lafayette

$465,000

0 Bed
0 Bath
3,992 Sqft
1.24 Acres
0 Garage

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!

Essential Information
MLS® #1387067
Price$465,000
Square Footage3,992
Acres1.24
Year Built1952
TypeMulti-Family
Sub-TypeDuplex
Style1 Story
StatusActive
Community Information
Address206 Main St S
SubdivisionNone
CityLafayette
CountyWalker
StateGA
Zip Code30728
Amenities
FeaturesNone
ParkingMain Level
Interior
HeatingGas
CoolingElectric
# of Stories1
Stories1.0
Has BasementYes
BasementCrawl Space
Exterior
ExteriorSiding
Lot DescriptionLevel
RoofShingle
School Information
ElementaryNorth LaFayette Elem School
MiddleLaFayette Middle
HighLaFayette High
Property History
Price Reduced from $489,900 to $465,000
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This site was last updated on April 27th, 2024 at 1:13pm