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Key Details
Sold Price $1,500,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Condo Community
MLS Listing ID 10206684
Sold Date 11/16/23
HOA Y/N No
Year Built 1965
Annual Tax Amount $1,602
Tax Year 2022
Lot Size 1.150 Acres
Acres 1.15
Lot Dimensions 1.15
Source Georgia MLS 2
Property Description
Welcome to the heart of Gainesville, Georgia, where a fantastic investment opportunity awaits you. Presenting 776 & 770 West Avenue, two multi-family buildings perfectly situated in the center of the city. This prime location ensures convenience and accessibility to all that Gainesville has to offer. Comprising of 18 one-bedroom units spread across these two buildings, this property is an excellent income-producing asset. With a great rental history, you can rest assured that this investment will continue to generate a steady stream of revenue. The apartments at 776 & 770 West Avenue are thoughtfully designed to provide comfortable living spaces for your tenants. Each unit offers a one-bedroom layout, ensuring privacy and functionality. Interior pictures available upon request. The location of these buildings is truly unbeatable. Being in the center of Gainesville means that your tenants will have easy access to a plethora of amenities and services. From shopping centers and restaurants to parks and entertainment options, everything is just a stone's throw away. Gainesville itself is a vibrant and thriving city, known for its rich history and charming southern hospitality. Its proximity to the beautiful Lake Lanier offers endless opportunities for outdoor recreation, including boating, fishing, and hiking. The city also boasts a strong economy and excellent educational institutions, making it an attractive destination for both residents and investors. Property renovated 1998 per previous owner. Investing in 776 & 770 West Avenue is not only a smart financial move but also a chance to be a part of a thriving community. The demand for rental properties in Gainesville is high, and this property presents an opportunity to capitalize on that demand. Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income source, 776 & 770 West Avenue is an investment that should not be missed. Don't wait too long, as opportunities like this are rare. Call now to schedule a viewing and secure your future in the heart of Gainesville, Georgia.
Location
State GA
County Hall
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street
Garage Spaces 20.0
Community Features None
Utilities Available Other
View Y/N No
Total Parking Spaces 20
Garage No
Private Pool No
Building
Faces I-985 North exist Queen City PKWY then right on Washington St then right to West Ave.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Schools
Elementary Schools Centennial
Middle Schools Gainesville
High Schools Gainesville
Others
HOA Fee Include None
Tax ID 010002701024C
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Resale
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