8 Single Family Home Portfolio | Fully Leased

McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive WARREN COUNTY | 266 Mayfield Road; 178 Academy Road; 49 Memorial Drive; 121 W Gibson Street Thomson, GA 30824

McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824
McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824 McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive  WARREN COUNTY | 266 Mayfield Road;  178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824
FOR SALE
Property Type:
Other Special Purpose
Amount:
$815,000
Last Verified:
Jul 02, 2024

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Highlights

  • - 4,635 SF with 8 units in multiple locations
  • - Diverse mix: 3 single family homes, 5 modular homes
  • - Over 4.6 acres of land combined
  • - Fully leased with monthly rent of $6,850
  • - Tenants on month-to-month leases
  • - Self-managed by sellers
  • - Potential to increase rent with turnover or new leases

Description

Meybohm Commercial Properties is proud to exclusively present this rare investment opportunity spanning two counties in Warrenton and Thomson, Georgia. FULLY LEASED investment opportunity spanning two counties in McDuffie and Warren County, just outside of Augusta, Georgia is now available. This 8 unit single-family rental portfolio is 100% tenant occupied and comprises 8 different parcels across multiple locations. Spanning over 4.6 acres of combined land, these properties offer a diverse mix of housing options, including three single-family homes and five modular homes, providing investors with versatility and potential for increased rental income.

Currently, all units are fully leased, generating a steady monthly rent of $6,850. Notably, the low controllable expenses associated with these properties enhance their attractiveness to potential investors. Tenants assume responsibility for utilities and landscaping maintenance, resulting in a favorable investment environment with minimized overhead costs.

With tenants on month-to-month leases and self-management by the sellers, there exists significant potential to optimize returns through strategic rent adjustments upon turnover or the initiation of new leases. This presents an opportunity for investors seeking stable rental income and long-term growth potential in the thriving rental markets of Warrenton and Thomson.

UPDATES TO NOTE:
5609 Murray Avenue- Completely redone this year with new roof, HVAC and all of the interior.
49 Memorial Drive- Metal roof. 2024- updated plumbing and electrical this year.
383 Morningside - New roof- 3 years old
121 W Gibson St -Updated plumbing. Roof is 3 years old
178 Academy Street - New roof less than 3 years old
266 Mayfield Road - Roof installed in 2016
1884 Ridgeview Drive- Roof is 4 years old



McDuffie County Properties:

5609 Murray Avenue, Thomson, GA, 30824
1884 Ridgeview Drive, Thomson, GA 30824
1934 Ridgeview Drive, Thomson, GA 30824
383 Morningside Drive, Thomson, GA 30824
Warren County Properties:

266 Mayfield Road, Warrenton, GA 30828
178 Academy Road, Warrenton, GA 30828
49 Memorial Drive, Warrenton, GA 30828
121 W Gibson Street, Warrenton, GA 30828

Don't miss this opportunity to acquire a diversified portfolio in two thriving rental markets, poised for continued growth and profitability. Contact us today to

Nestled in the serene landscapes of Thomson and Warrenton, are 8 single family investment homes. This portfolio features four properties in the Thomson area, strategically located just minutes away from I-20, offering unparalleled convenience. Additionally, a quick trip up to the lake leads to another prime property and in the heart of Warrenton, three additional properties await, providing a tranquil retreat while ensuring easy access to nearby town conveniences.

Investors will be drawn to the promising growth potential of these communities, coupled with their proximity to essential amenities. Situated a mere 40 miles from Augusta, Georgia, residents can effortlessly access the city's offerings while relishing the peaceful ambiance of their home surroundings.

These locations epitomize the blend of tranquility and accessibility, allowing residents to leisurely explore historic downtown districts or revel in expansive outdoor spaces. With an array of local shops, restaurants, and entertainment options within arm's reach, this area presents a compelling opportunity for both multifamily and single-family rental living, making it an ideal destination for portfolio expansion.

Experience the charm of the McDuffie & Warren County area and uncover this hidden gem within Georgia's real estate landscape.

Building Size: 4635sq ft
Lot Size: 4.6 acres


Documents

8SFH port_OM.pdf

Map of McDUFFIE COUNTY | 5609 Murray Avenue; 1884 Ridgeview Drive; 1934 Ridgeview Drive; 383 Morningside Drive WARREN COUNTY | 266 Mayfield Road; 178 Academy Road; 49 Memorial Drive; 121 W Gibson Street, Thomson, GA, 30824

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.