Fully Leased Investment Properties Commercial Residential Laundromat Georgia For Sale

Business description

PROPERTY ADDRESS
300 Newnan Road, 306 Newnan Road and 308 Mandeville Avenue, Carrollton, Ga, 30117. Land Lot 232 of the 5th District, County of Carroll.

ACREAGE
0.74± Acres Total
0.19± Acres Duplex
0.22± Acres House
0.33± Acres Laundromat


SQUARE FOOTAGE
1,304± Square Foot Duplex
1,178± Square Foot House
3,300± Square Foot Laundromat

ZONING
Commercial And Residential

UTILITIES
All utilities available

GENERAL INFORMATION
This listing is a combination of a Laundromat at 300 Newnan Road, a house at 306 Newnan Road and a duplex at 308 Mandeville Avenue. All three of these locations are currently leased. The Laundromat is 3,300 square feet and was built in 1969. Taxes and insurance average $1,520 per year, while income is $12,000 for a full year lease at $1,000 per month. The house is 1,178 square feet and has three bedrooms and one bath. It was built in 1915 and leases for $700 per month. The duplex is 3 bedrooms and 2 baths, for a total of 1,304 square feet. It was built in 1974 and leases for $500 per month, per side. Yearly taxes and insurance average $775 while rental income for a full year lease on each side is $12,000. These properties are in a good location, being conveniently located to downtown Carrollton, as well as Bankhead Highway and the Highway 166 Bypass.

INCOME
Duplex Lease Is $500 Per Side
House Lease Is $700 Per Month
Laundromat Lease Is $1,000 Per Month
All Are Currently Leased

YEARLY EXPENSES
Insurance
Laundromat - $981 in 2007, $910 in 2006
Duplex - $361 in 2007, $314 in 2006

Taxes
Laundromat - $592 in 2007, $561 in 2006
Duplex - $449 in 2007, $420 in 2006

PURCHASE PRICE
$495,000

TERMS
All Cash To Seller At Closing

Property information

Real Estate:

Real Property Included

Location:

Traveling on Interstate 20, take the Villa Rica Exit #24 and travel south on Highway 61. Travel approximately 11.5 miles to the intersection with the Highway 166 Bypass. Turn left onto the Bypass and travel approximately 1.8 miles to the intersection with Newnan Road on the right at the traffic light. Turn right onto Newnan Road and the intersection with Mandeville Avenue will be approximately 1 mile on the right. The house is just before the intersection, the Laundromat is at the corner of Newnan Road and Mandeville Avenue, and if you turn right onto Mandeville Avenue the duplex is just past the Laundromat on the right.

Other information

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