127 Lagrange StNewnan, GA 30263

Property Details for 127 Lagrange St

Property type

Residential income homes

Description

This exceptional investment opportunity consists of two properties located in Newnan, Georgia, at 127 LaGrange Street and 57 1st Avenue. The portfolio comprises ten fully leased single-family rental units, offering immediate cash flow. The properties are situated within walking distance of Historic Downtown Newnan and feature a mix of one- to three-bedroom units, all boasting spacious layouts and modern finishes. Each property offers off-street parking. The portfolio enjoys 100% occupancy, presenting a turnkey ownership experience. Significant upside potential exists due to several below-market leases. Recent capital improvements include new roofs and HVAC systems, along with cosmetic upgrades such as fresh paint and landscaping. The properties sit on approximately 0.4 acres and 0.46 acres respectively. The asking price is $1,650,000, representing $165,000 per unit, with an estimated cap rate of 6.5% and a gross annual income of $129,120. This portfolio presents a compelling investment opportunity for those seeking strong cash flow and potential for appreciation in a desirable location. The properties were renovated in 2023.

Location Insight

City

Newnan

County

Coweta

State

Georgia

Latitude

33.3673

Longitude

-84.8047

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].