UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7632968
Construction Status Resale
HOA Y/N No
Year Built 1987
Annual Tax Amount $3,446
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
Discover a rare multi-family investment opportunity at 621 Nicklesville Rd. This well-maintained property features eight apartments—six spacious 3-bedroom, 1-bath units and two comfortable 2-bedroom, 1-bath units—offering strong rental appeal for families and individuals alike.
Each unit is thoughtfully designed for functional living, with generous floor plans and plenty of natural light. The property is conveniently located near local shops, schools, and major roadways, ensuring steady tenant demand.
With multiple income-producing units under one roof, this property is ideal for investors looking to expand their portfolio with consistent cash flow potential. Whether you're a seasoned landlord or new to multi-family investing, 621 Nicklesville Rd is a solid choice for long-term returns.
Annual totals:
Annual Income: $88,200 for all 8 apartments
Annual Expenses: $13,920 (trash, taxes, insurance, security lights)
NOI: $74,280
Cap Rate at $1.4M list price: ~5.5%
Key Features:
8 total apartments
(6) 3-bedroom, 1-bath units
(2) 2-bedroom, 1-bath units
Prime location near the river
Strong rental demand area
Don't miss your chance to secure a turnkey investment property in a growing market.
Location
State GA
County Gordon
Area None
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Luxury Vinyl
Window Features Insulated Windows
Exterior
Parking Features Parking Lot, Paved
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
Waterfront Description None
View Y/N Yes
View Rural
Roof Type Metal
Accessibility None
Handicap Access None
Total Parking Spaces 2
Private Pool false
Building
Lot Description Level
Story One
Sewer Shared Septic
Water Public
Level or Stories One
Structure Type Brick,Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Tolbert
Middle Schools Ashworth
High Schools Gordon Central
Others
Senior Community no
Tax ID 040 002
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
