Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
Fayetteville, GA 30214,110 Huntington Park DR
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Listed by eXp Realty
Bought with The Joe Carbone Team • Compass

$425,000

$495,000

14.1%
Est.Price: ?

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Est. payment /mo

1.09 Acres Lot


SOLD DATE : 09/11/2023

Key Details

Sold Price $425,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20067355

Sold Date 09/11/23

Construction Status Resale

Year Built 1985

Annual Tax Amount $2,369

Tax Year 2021

Lot Size 1.090 Acres

Property Description

(Agents see private) Potential $60k rental income. This 4-unit commercial property offers incredible income potential, located directly off of HWY 85, and directly across from Fayetteville Pavillion. The commercial unit square footage upstairs is ~4000 SF total, and the complex also offers 15 storage units, ranging in three different sizes located on the bottom backside. Commercial units are FULLY OCCUPIED, as the four units upstairs have been converted to two larger units. Two extremely long-term tenants. Both sides also have an extra basement unit, that can be separately rented or used as storage. The units have a kitchen, while one has a shower. Roof ~5 years old, HWH ~5 years old, 3 of 4 units, ~3 years old. Septic was pumped ~ 2 years ago. Currently offered with a cap rate of ~7% with GROSSLY undervalued rental rates and only ~5 of the 15 storage units occupied. Rental rates are ~$1 per SF in the surrounding area. Proforma cap rate ~10%. Land continues way beyond buildings and parking lots for opportunities for extended parking or more buildings. Property DOES NOT lie in Fayetteville city limits. You only have to answer to the county. CONTACT ME for listing flyer.

Location

State GA

County Fayette

Zoning Zoning is C CH. Highway commercial district.

Interior

Heating Electric, Central

Cooling Central Air

Exterior

Garage Paved, Parking Lot

Utilities Available Cable Available, Electricity Available, High Speed Internet, Water Available

Building

Sewer Septic Tank

Construction Status Resale

Others

Financing Seller Financing

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Georgia MLS (GAMLS)

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"REAL" Barkley-Romero

CEO | DRE# SA695240000 | DRE# 02100184

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