1482 Waverly Way
Monroe, GA 30656
- – beds
- – baths
- – sqft
- ~2 acre lot
- 1973 build
- – on site
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This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer connections, and there are additional storage units available for rent, providing potential for extra income. The property's prime location is convenient to Walton Piedmont Hospital, making it ideal for traveling nurses, and is close to the Facebook Data Center, Athens, Loganville, and within a 45-minute drive to Atlanta. This combination of updated amenities and strategic location makes the property highly attractive to tenants, ensuring consistent occupancy and strong revenue potential.
Last checked:
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Last updated Jan 23, 2025
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MLS# 10309067 —
The Building
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Year Built:1973
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Construction Materials:Other
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Structure Type:Multi Family (5+ Units)
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# of Units Total:16
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Levels:One
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Basement:None
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Other
Location
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Latitude:33.82588
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Longitude:-83.730986
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot Size Acres:2
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Lot Size Source:Other
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Parcel Number:N090B014
Listing Agent
- Contact info:
- Agent phone:
- (404) 668-6621
- Office phone:
- (404) 668-6621
Taxes
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Tax Year:2023
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Tax Annual Amount:$12,600
The Listing
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Financing Type:Conventional
Heating & Cooling
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Heating:Central, Electric
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Cooling:Central Air
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Walker Park
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Middle School:Carver
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High School:Monroe Area
The Community
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Subdivision:Green Acres
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Parking Pad
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/17/25
Jan 17, 2025
|
Sold | GAMLS | $2,200,000 | 2.3% |
|
9/11/24
Sep 11, 2024
|
Pending | GAMLS | $2,150,000 | |
|
6/22/24
Jun 22, 2024
|
Price Changed | GAMLS | $2,150,000 | -10.4% |
