Exciting development opportunity for MULTI-FAMILY, APARTMENTS, and TOWNHOMES! While presently zoned RA and R-3, with the 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! Situated in a prime McDonough location close to shopping, this property offers a unique opportunity for development. Check out the link below for the new Future Land Use Ordinance, where the subject property is highlighted as Urban Residential on page 94 of the color-coded map. Don't miss this opportunity to explore the full potential of this prime development space! Pictures coming soon! The seller will agree to sell a portion of this property as a negotiated agreement as long as buyer secures their needed zoning themselves. 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 To view the Future Land Use Ordinance, visit: https://drive.google.com/file/d/1-fCd0ryMSseguVMJsBMFY44nlGkHhXX3/view?usp=sharing
GREAT INVESTMENT OPPORTUNITY
********DO NOT DISTURB TENANTS***** For sale: Six tenant-occupied properties, all MUST be sold together. 5 of the 6 properties are currently under a month-to-month lease. Please note that all properties require renovation and are being sold **AS-IS**. This is a great investment opportunity for those looking to add value through property improvements. Serious inquiries only! CASH ONLY Additional Properties Included in this Sale: 1) 40 Brown Avenue – 10 individual apartments (10 Bedrooms, 10 Baths); each unit is tenant-occupied with month-to-month leases 2) 224 Hampton Street – Duplex consisting of two 1-bedroom, 1-bath units, both under yearly leases 3) 4604 Burks Road – 4-plex with four 1-bedroom, 1-bath units; 3 units are occupied with month-to-month leases 4) 4582 Burks Road – 3-bedroom, 1-bath single-family home; tenant-occupied on a month-to-month lease 5) 388 Second Street – 3-bedroom, 1-bath single-family home; tenant-occupied on a month-to-month lease Please note: 40 Brown Avenue, 235 Bryan Street, and 224 Hampton Street are all located in the heart of McDonough!
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 median home value in McDonough, GA is $339,000. 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 $339,000. 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 30253 has a population of 28,574. McDonough 30253 is more family-centric than the surrounding county with 37.14% 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 30253 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 30253 is 31.1 years.
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.