206 South Main Street

LaFayette, GA 30728

$465,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

Prime multi-family investment opportunity in an incredible location! Conveniently located on over an acre lot on Main Street in Downtown LaFayette, GA, with 150+ Feet of road frontage on both Main Street and S. Cherokee Street, this incredible, unique opportunity consists of a 2600+ SQ FT Duplex with 2 Bedrooms + 1 Bath in each unit, a 2 Bedroom, 1 Bath Single Family Home with 1000+ SQ FT, and a small, cottage style home offering 1 Bedroom and 1 Bath. All of the dwellings have been updated and cared...Prime multi-family investment opportunity in an incredible location! Conveniently located on over an acre lot on Main Street in Downtown LaFayette, GA, with 150+ Feet of road frontage on both Main Street and S. Cherokee Street, this incredible, unique opportunity consists of a 2600+ SQ FT Duplex with 2 Bedrooms + 1 Bath in each unit, a 2 Bedroom, 1 Bath Single Family Home with 1000+ SQ FT, and a small, cottage style home offering 1 Bedroom and 1 Bath. All of the dwellings have been updated and cared for, with the current owner's updates consisting of new roofs, new windows, new flooring throughout, new paint, in addition to other interior and exterior renovations. All units expect for one side of the duplex are occupied, with all but one unit being on a month-to-month lease basis. These rental units far exceed expectations, with pride of ownership being apparent and demonstrated by both the owner and tenants. Due to the month-to-month leases, these units offer the opportunity for immediate financial adjustment in order to align more with the current fair market rental rates. The front portion of the property with Main Street road frontage also offers potential future development. If you are looking for a rare, fruitful investment opportunity to add to your real estate portfolio, don't miss this one. Call today to schedule your private tour of this fantastic piece of real estate!
  1. Listed by Tanner Heyer • BHGRE Jackson Realty

Property Details for 206 South Main Street

Subdivision
none
Fees Include
None
Parking
Attached

Location

Listing Courtesy of BHGRE Jackson Realty, Tanner Heyer
Add your commute
LISTING UPDATED: 04/21/2024 01:05 AM

Property Details for 206 South Main Street

StatusActive
MLS #20171904
Days on Market70
Taxes$3,143 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1952
Lot Size1.24 AC / 54,014 SF
CountyWalker County

Location

Listing Courtesy of BHGRE Jackson Realty, Tanner Heyer
Add your commute

Building Information for 206 South Main Street

Stories1Residences4Year Built1952Building Size-Lot Size1.24 AC / 54,014 SF

Payment Calculator

$2,800 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,538

Property Taxes

$262

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 206 South Main Street

Summary
Location and General Information
  • Elementary School: North Lafayette
  • High School: Lafayette
  • Middle School: Lafayette
  • Amenities: None
  • Directions: From Highway 27, continue onto Main St. Property on right past Bank of LaFayette
Taxes and HOA
  • Association: No
  • Parcel Number: 1039 082
Owner
  • Owner Pays: Other
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 2
  • Basement Description: Crawl Space
Property
Utilities
  • Cooling: Electric
  • Heating Type: Natural Gas
  • Water/Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public
Property and Assessments
  • Tax Year: 2023
  • Construction: Other
  • Stories: One
  • Property Condition: Updated/Remodeled
Lot Information
  • Structure: Duplex, House, Other
Multi Family
Multi-Family Information
  • Number Of Units Total: 4

Property History for 206 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 206 South Main Street

Taxable ValueLand$7,441Additions$133,078Total$140,519
Tax Record2023$3,449 ($287 / month)
Home Facts
Beds0Baths6Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories1Lot Size54,014 SqFtStyleSingle Family ResidenceYear Built1952Year Renovated1999ZoningB2CountyWALKERAPN1039 082Fireplace TypeHas Fireplace

Schools near 206 South Main Street

This home is within Walker County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
North Lafayette Elementary School
PublicPK to 5

Lafayette Middle School
Public6 to 8

Lafayette High School
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.

Similar Homes

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206 South Main Street is a multi-family home for sale in LaFayette, GA 30728. This property was listed for sale on February 19, 2024 by BHGRE Jackson Realty, it's currently listed at $465,000. It has been on the market for a total of 70 days and was last sold on May 13, 2016. This listing's school district is Walker County School District. Nearby schools include North Lafayette Elementary School, Lafayette Middle School and Lafayette High School. 206 South Main Street is a 0-bed, 0-bath, multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHGRE Jackson Realty, Tanner Heyer

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.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 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.