Engel & Völkers North Georgia Mountains

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$ 259,900

Est. payment -/mo

Sold on 05/01/2024

2245 TO 2253 Bellew DR #5 UNITS Bowman, GA 30624

5 SqFt

UPDATED:

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