1370 Aiken RdBogart, GA 30622

Property Details for 1370 Aiken Rd

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four income-producing residential properties located in the thriving Athens and Bogart, Georgia areas. The portfolio comprises two single-family homes in Athens (located at 110 Flannigans Place and 325 Ansley Drive) and a duplex in Bogart (situated at 1370/1372 Aiken Road). All four units are currently 100% occupied with existing tenants, generating a substantial net operating income (NOI) of $56,883, resulting in a pro-forma cap rate of 6.89%. The properties boast recent renovations completed in 2024, ensuring modern appeal and minimizing immediate maintenance needs. Built between 1978 and 1981, these properties offer a blend of established character and updated amenities. The portfolio's strong occupancy and recent upgrades provide a stable foundation for immediate cash flow, with potential for future rent increases upon lease renewals or tenant turnover. This is an ideal investment for those seeking a diversified, high-yield rental portfolio in a desirable Georgia market. The asking price for this turnkey investment is $825,000. This portfolio offers a compelling opportunity to acquire a well-maintained, income-generating asset with significant upside potential. The properties are conveniently located in Oconee County, Georgia, with the Bogart property located at zip code 30622.

Location Insight

City

Bogart

County

Oconee

State

Georgia

Latitude

33.9435

Longitude

-83.5491

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