1014 Gordon Ave Adel, GA 31620
Multi-Family (2-4 Units)
MLS #: 134884
Courtesy Of COLDWELL BANKER PREMIER REAL E
Property InformationDescription
Solid investment for 32 doors with larger units and proven rental history in Adel, GA. 8 brick buildings containing Four 2BR/1BA units each. 960 sq ft per unit consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze way for entry to limit neighbor noise. Sellers have updated more than 1/2 of the units with new tops, fixtures, paint, flooring, appliances, etc as needed when the units turn. Average rent is $715/month currently with all below market tenants getting bumped to $750 effective 04/01/2024. Market rents trending to $800/month with units leasing up as soon as they turn. 5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place. Adel is small-town market but has pro-growth vision and leadership. Turnkey income in place, $750/month rent with 35% operating expense factor is with 9.72% proforma cap rate.
Features
- Age: 31-40 Years Old
- Appliances: Range - Electric, Refrigerator
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Brick Veneer
- Floor Covering: Tile, Vinyl
- Heating Fuel: Electric
- Heating System: Central Furnace
- Lot Size: 5.24 Acres
- Roof Type: Composition Shingle
MAP & DIRECTIONS
School Information
1014 Gordon Ave, Adel, GA 31620
Elementary School
Grades PK-2 |
Public School
COOK PRIMARY SCHOOL
Adel, GA 31620
1531 Patterson St
229.549.7713
Distance: 3.0 mi
Student:Teacher Ratio
14:1
Total Students
820
Elementary School
Grades 3-5 |
Public School
COOK ELEMENTARY SCHOOL
Sparks, GA 31647
1512 N Elm St
229.549.6250
Distance: 2.3 mi
School Rating
C
Student:Teacher Ratio
14:1
Total Students
674
Middle School
Grades 6-8 |
Public School
COOK MIDDLE SCHOOL
Sparks, GA 31647
1601 N Elm St
229.549.5999
Distance: 2.4 mi
School Rating
C
Student:Teacher Ratio
15:1
Total Students
750
High School
Grades 9-12 |
Public School
COOK HIGH SCHOOL
Adel, GA 31620
9900 Highway 37
229.896.2213
Distance: 2.0 mi
School Rating
B-
Student:Teacher Ratio
14:1
Total Students
885
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Community Christian Academy | 1.8 mi | Private | PK-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Adel, GA 31620
| Median Age: | 38.3 |
|---|---|
| Married: | 43% |
| Number of Households: | 4,220 |
| Households with Children: | 35.4% |
Adel, GA 31620
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
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Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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