206 S Main St Lafayette, GA 30728
Listing Courtesy of: GREATER CHATTANOOGA / Better Homes And Gardens Real Estate Jackson Realty / Tanner Heyer

  206 S Main St Lafayette, GA 30728

Active
$465,000

Description

PRIME MULTI-FAMILY INVESTMENT OPPORTUNITY IN AN INCREDIBLE LOCATION! Conveniently located on over an acre lot on Main Street in Downtown LaFayette, GA, with 150+ Feet of road frontage on both Main Street and S. Cherokee Street, this incredible, unique opportunity consists of a 2600+ SQ FT Duplex with 2 Bedrooms + 1 Bath in each unit, a 2 Bedroom, 1 Bath Single Family Home with 1000+ SQ FT, and a small, cottage style home offering 1 Bedroom and 1 Bath. All of the dwellings have been updated and cared for, with the current owner's updates consisting of new roofs, new windows, new flooring throughout, new paint, in addition to other interior and exterior renovations. All units expect for one side of the duplex are occupied, with all but one unit being on a month-to-month lease basis. These rental units far exceed expectations, with pride of ownership being apparent and demonstrated by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immediate financial adjustment in order to align more with the current fair market rental rates. The front portion of the property with Main Street road frontage also offers potential future development. If you are looking for a rare, fruitful investment opportunity to add to your real estate portfolio, don't miss this one. Call today to schedule your private tour of this fantastic piece of real estate!

MLS #:
1387067
Taxes
$3,144
Lot Size
1.24 acres
Type
Multifamily
Year Built
1952
County
Walker County

Listed By

Tanner Heyer, Better Homes And Gardens Real Estate Jackson Realty
Source
GREATER CHATTANOOGA
Last checked May 9 2024 at 4:00 AM GMT+0000
Bathroom Details
Subdivision
  • None
Lot Information
  • Level
Heating and Cooling
  • Gas
Basement Information
  • Crawl Space
Exterior Features
  • Siding
  • Roof: Shingle
Utility Information
  • Sewer: Public Water, Sewer
School Information
  • Elementary School: North Lafayette Elem School
  • Middle School: Lafayette Middle
  • High School: Lafayette High
Stories
  • 1
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 18, 2024
Price Changed
$465,000
-5%
-24,900

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Greater Chattanooga Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/8/24 21:00