McDonough GA Multi Family for Sale
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.57 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 10429551
- Subdivision:
- Toby Springs
View additional info
Courtesy: Keller Williams Rlty-Atl.North
7705090700
ADDITIONAL INFORMATION
This updated quadruplex is a rare gem, offering impressive returns and a prime location that sets it apart in the investment market. Appraised at $850,000 following a $120,000 rehab completed within the last 14 months, this 5,192 sqft property boasts a strong CAP rate of 7.88%. Assuming a 6.3% interest rate and full occupancy, the property can generate a combined projected annual gross income of $74,568. With estimated annual expenses of $11,930.88, the property delivers a Net Operating Income (NOI) of $62,637.12. Projected growth and cap rate: leased on full occupancy rents at $1,850 you will have a cap rate of 9.38% and a positive annual cash flow of $15,876.48. The building features four well-designed units - two with 3 bedrooms and 2.5 baths, and two with 2 bedrooms and 2.5 baths. Each unit is thoughtfully appointed with modern kitchen appliances, spacious living rooms, and recently poured concrete private patios with a storage closet overlooking a large shared yard. The property also includes dedicated parking pads for added tenant convenience. Located less than a mile from downtown McDonough and 2.5 miles from I-75, this home is in a prime location. This quadruplex stands out as a prime investment opportunity, combining modern updates, tenant-paid utilities, and a strategic location to deliver consistent income and strong financial growth - an ideal choice for expanding your portfolio. ***No showings until due diligence period. All units are occupied. Please do not disturb tenants.*** Seller is willing to buy down rate with an acceptable offer.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 6.45 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- 10409448
- Subdivision:
- None
View additional info
Courtesy: BHGRE Metro Brokers
4048432500
ADDITIONAL INFORMATION
What's special Perfect lot for Podium Construction! (See generic Pictures). Parking deck on the One or Two Lower Levels and wood construction on the 4 or 5 upper floors! Exciting development opportunity for Multi-Family, Apartments, and Townhomes! While the land is presently zoned RA and R-3, with the Amazing New Future Land Use Plan (Henry 2045), enacted in September 2023, this property qualifies for the Urban Residential Zoning Category, allowing for a multi-family density of 4 to 30 dwelling units per acre! Public water and sewer are readily available on site! Situated in a prime Mcdonough Parkway location close to shopping, this property offers a unique opportunity for development. Please note that the lease on the existing cell tower has already been sold. A permanent easement for the tower site remains intact. This property includes three parcels: 091-01013000, 091f01041002, and 091-01014002 Check out the link below for the New Future Land Use Ordinance, where the subject property is highlighted on the Future Land Use as Urban Residential on page 94 of the color-coded map. To view the full Future Land Use Ordinance, Please Visit: https://drive.google.com/file/d/1-fcd0rymsseguvmjsbmfy44nlgkhhxx3/view?usp=sharing * Read Page 99 for Full Details of the New Urban Residential Zoning! * Don't miss this opportunity to explore the full potential of this prime development space! Prioritize a diversity of housing types within developments that can support a range of household Incomes and sizes; up to 30 dwelling Units per Acre should be Allowed If at least 20% of units are affordable at 80% AMI (Area Median Income) Consider the removal of Minimum Floor Area Requirements for Residential Uses to offer more Flexibility in design and market driven dwelling size; Alternatively, Set a low a minimum such as an Average Floor area size of 600 square feet per unit!
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4.42 Acres
- Year built:
- 2009
- Baths:
- MLS#:
- 10381553
- Subdivision:
- None
View additional info
Courtesy: RE/MAX Around Atlanta
7703507373
ADDITIONAL INFORMATION
EXTRAORDINARE OPPORTUNITY to Own a TRULY UNIQUE FOUR-INCOME PRODUCING PROPERTY along with a HIGHLY POTENTIAL 5th UNIT currently 70% constructed. All on 4.42 gated, private acres just 2 miles from I-75 and with all the conveniences of shopping/restaurants/parks, etc. McDonough has to offer. This is truly a NO BRAINER! The Central Unit is a Triplex consisting of three very different floorplans. Unit #1 is a 1/1 single story. Unit #2 is a 2/2 with one bedroom on the main and one in basement below. Unit #4 (part of Triplex) is a 2 story 3/2 with a two car garage, small separate gym, a covered porch with fireplace and all Appliances are 2 years old or newer. The Triplex is also partially powered by owned solar panels. The fourth unit (Unit #3) is a 2/2.5 SFR with a two car carport and separately metered. Besides the covered parking, there is plenty of paved parking for all the units to use. The fifth unit is still under construction yet will be beautiful when completed. Could be Investor occupied (has it's own separate entrance and driveway) or another IPP. Could be completed as its intended 2/2.5 or possibly a 3/2.5. If you're not sold already, much of the acreage has yet to be developed with potential future additional income producing possibilities. A must see for a savvy investor!
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 Georgia MLS. All rights reserved.
McDonough Real Estate
The median home value in McDonough, GA is $329,245. This is higher than the county median home value of $310,400. The national median home value is $338,100. The average price of homes sold in McDonough, GA is $329,245. Approximately 47.65% of McDonough homes are owned, compared to 46.97% rented, while 5.38% are vacant. McDonough real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a McDonough real estate agent to arrange a tour today!
McDonough, Georgia has a population of 28,574. McDonough is less family-centric than the surrounding county with 31.87% of the households containing married families with children. The county average for households married with children is 32.97%.
The median household income in McDonough, Georgia is $73,215. The median household income for the surrounding county is $73,491 compared to the national median of $69,021. The median age of people living in McDonough is 31.1 years.
McDonough Weather
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 31.5 degrees. The average rainfall is approximately 49 inches per year, with 1 inches of snow per year.