For Sale
$475,000

2479 Old Louisville Rd Guyton, GA 31312

Three-unit rental property, high ROI potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a portfolio of three single-family rental homes situated on a spacious 4.33-acre lot in Guyton, Georgia. The property, located at 2479 Old Louisville Road, boasts a total of 3,694 square feet of rentable space, with each unit commanding a price of $158,333. Built in 1940, 1980, and 1986, the homes underwent renovations in 2024. Currently operating at 100% occupancy with month-to-month leases, this presents a significant value-add opportunity to increase profitability. The current Net Operating Income (NOI) stands at $26,167, yielding a 5.51% cap rate. However, a pro-forma analysis projects a substantial increase in NOI to $39,367, resulting in an impressive 8.29% pro-forma cap rate. The property is zoned residential and offers significant upside potential due to the ability to adjust rental rates to market value. This is a rare chance to acquire a multi-family investment in a desirable location with immediate cash flow and strong future growth prospects. The asking price for this turnkey investment is $475,000, representing a price per square foot of $128.59. The property's location on Old Louisville Road (Hwy 17 North) provides excellent accessibility. The Effingham County location adds to its appeal. This is a compelling opportunity for investors seeking immediate returns and long-term appreciation.

Property Details for 2479 Old Louisville Rd

Property type
Residential income homes
Square Feet
3,694 SF
Class
C
Year Renovated
2024
Buildings
3
Lot Size (sq. ft)
188,615 SF
Units
3

Location Insight

City
Guyton
County
Effingham
State
Georgia
Latitude
32.37037515616
Longitude
-81.443628433057

FAQs

What type of property is this?
Residential income home - Three-unit rental property, high ROI potential.
Where is the residential income home located?
The property is located at 2479 Old Louisville Rd Guyton, GA.
What is the asking price?
The asking price for this property is $475,000.
How can I contact the broker?
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2479 Old Louisville Rd
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