460 Richardson Rd, Calhoun, GA 30701 (MLS # 8046306)

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PRICE $1,995,000
BEDS 6
BATHS 4 baths
HOME SIZE n/a
LOT SIZE 1.96 ac

44 units in Calhoun, Georgia in Gordon County. One mile from I-75. 24 one bedroom units and 20 two bedroom units. One section was constructed in 1978 and the newest section in 1985. These are family built, owned and managed. The owners have kept the monthly rent at a level where there has been very little turnover. There is substantial upside once rent rates are adjusted to meet local comps. These units are total brick and are located close to shopping, schools and healthcare. New roofs were installed in fall of 2017. Good employment base of manufacturing, logistics and service industry jobs in the community. The complex showed a net of $151,621.91 revenue over expenses for 2017. Financials and rent rolls are available through listing agent.

DAYS ON MARKET 632 LAST UPDATED 11/17/2017
TRACT Bagwell Apartments YEAR BUILT 1978
COMMUNITY GDN2 COUNTY Gordon
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Calhoun City
Jr. High School Calhoun City
High School Calhoun City

PRICE HISTORY
Prior to Jan 13, '17 $2,268,000
Jan 13, '17 - Today $1,995,000


ADDITIONAL DETAILS
AIR Central
AIR CONDITIONING Yes
AREA GDN2
BASEMENT Slab/None
CONSTRUCTION Brick 4 Sided
HEAT Central
LOT 1.96 acre(s)
SUBDIVISION Bagwell Apartments
TAXES 5273
UTILITIES Public Water;
WATER Public Water

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