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Multi-family
MLS# 439121
$350000
Status: Active

805 Georgia Drive
Tuskegee, Alabama 36083
(map)
INVESTORS' GOLDMINE Located Near Tuskegee University. Property is partially rented (8 units) through a nonprofit, The Alabama Rural Coalition for the Homeless. This organization pays the rent on 8 of the 12 units at $350 per month regardless of how many units are occupied. There are 4 additional units which can also be rented. This property has been in this program for 10 years. Property was renovated in 2007 and there is an existing termite bond on the property. Some of the units are occupied so you must give 48 hour advance notice if you wish to view this wonderful investment opportunity. If you snooze, you might lose out on a potential 11.2% cap rate and low risk investment.
Additional Photos
Features
Map
Foundation:Slab
Design:1 Story
Construction:Concrete Block,Wood Siding
Parking:Parking Pad