525 Woodsmill Road

Closed 5/15/15
Closed 5/15/15
Exterior Front.
Sold
Last Sold Price
$128,735
3 beds1,806 sqft$71/sqft
525 Woodsmill Rd, Gainesville, GA 30501
Multi FamilyProperty Type
0.33 acresLot Size
1950Year Built
$71/sq ftPrice per sq ft
1 carParking Spaces

Description

Sturdy little money maker! Perfect opportunity for an investor looking for income property. Well cared for triplex in a popular rental area right in the city. All brick, new $14,000 roof, 3 updated units that offer walking distance to shops, dining, Gainesville High School. Two units currently rented on month to month lease. There has been interest in 3rd unit while improvements being done. At full occupancy, current rent and this price point, equals a 11.42% possible cap rate and a breakeven in...Sturdy little money maker! Perfect opportunity for an investor looking for income property. Well cared for triplex in a popular rental area right in the city. All brick, new $14,000 roof, 3 updated units that offer walking distance to shops, dining, Gainesville High School. Two units currently rented on month to month lease. There has been interest in 3rd unit while improvements being done. At full occupancy, current rent and this price point, equals a 11.42% possible cap rate and a breakeven in under 7 years!
Listing closed: 05/15/2015 12:00 AM • Source: FMLS, MLS#: 5382609
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Location

Listing Courtesy of SOUTHERN REALTY OF NORTH GA LLC, Susan Evert

Sold By SOUTHERN REALTY OF NORTH GA LLC, Susan Evert

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$712 per month

30 year fixed, 6.55% Interest

Principal and Interest

$654

Property Taxes

$58

HOA Dues

$0

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Property Information for 525 Woodsmill Road

Property Details
  • Taxes: $695 / year
  • MLS Type: Residential Income / Triplex
  • County: Hall County
  • Subdivision Complex: none
  • Parking Features: Varies by Unit
  • Property Attached: No
Building Information
  • Residences: 3
  • Year Built: 1950
  • Lot Size: 0.33 AC / 14,374 SF
Summary
Location and General Information
  • Community Features: Near Schools, Near Shopping
  • Directions: From Gainesville Square, west on Oak Street, right on Woodsmill (at stop sign), property one block north on left, at corner of Cardinal and Woodsmill.
  • Lake Name: None
  • View: City
  • Coordinates: -83.838488, 34.300445
Taxes and HOA Information
  • Parcel Number: 525WoodsmillRD
  • Tax Year: 2013
  • Block: 0
  • Tax Lot: 04
School Information
  • School Bus Route Elem: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Enota Multiple Intelligences Academy
  • High School: Gainesville
  • Middle School: Gainesville
Parking
  • Carport or Garage: 0
Agent
Payment and Rate
  • Concessions Amt: $2,574.00
Interior and Exterior Features
Interior Features
  • Cooling: None
  • Heating: Natural Gas
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Dock: None
  • Fencing: None
  • Patio And Porch Features: None
  • Roof Type: Other
  • Security Features: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public
Property and Assessments
  • Assumable: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: None
Lot Information
  • Section/GMD: 05
  • Square Footage: 1806.0
  • Land lot: 45
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 120 X 96 X 107 X 84
Multi Family
Multi-Family Information
  • Unit Count: 3
  • NUM OF UNITS: 3
Income & Expenses Information
  • Gross Annual Income: $19,800.00
  • N.O.I. $: $15,137.00
  • Annual Expenses: $4,663.00
Unit 1
  • Input Entry Order: 3
  • Unit Deposit Amount: $575.00
  • Unit Electric Included: Yes
  • Unit Features: Carpeting, Disposal, Range/Oven, Refrigerator, Window Units
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $575.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Unit 2
  • Input Entry Order: 2
  • Unit Deposit Amount: $550.00
  • Unit Electric Included: Yes
  • Unit Features: Carpeting, Disposal, Range/Oven, Refrigerator, Window Units
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $550.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Unit 3
  • Input Entry Order: 1
  • Unit Deposit Amount: $525.00
  • Unit Electric Included: Yes
  • Unit Features: Carpeting, Disposal, Range/Oven, Refrigerator, Window Units
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $525.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Rental
Rent Information
  • Terms: Conventional

Property History for 525 Woodsmill Road

DateEvent & SourcePriceAppreciation
May 15, 2015

Sold (Public Record)

Public Record #549607247

$128,800—
DateEvent & SourcePrice
05/15/2015

Sold (Public Record)

Public Record #549607247

$128,800

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 525 Woodsmill Road

Taxable ValueLand$14,520Additions$88,160Total$102,680
Tax Record2025$2,919 ($243 / month)
Home Facts
Baths3Total Finished SqFt1,704 SqFtAbove Grade Finished SqFt1,704 SqFtStories1Lot Size8,276 SqFtStyleDuplexYear Built1950Year Renovated1995ZoningR-ICountyHALLAPN01-045 -005-004

Schools near 525 Woodsmill Road

This home is within Gainesville City School District.
Rating
School
Type
Grades
Distance
Centennial Arts Academy
Public - PK to 5
Gainesville Middle School
Public - 6 to 8
Gainesville High School
Public - 9 to 12
Horizon Academy
Public - 9 to 12
Rating
School
Distance
Centennial Arts Academy
PublicPK to 5

Gainesville Middle School
Public6 to 8

Gainesville High School
Public9 to 12

Horizon Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SOUTHERN REALTY OF NORTH GA LLC, Susan Evert

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.