Phenomenal investment opportunity in the heart of Sylvania! This property features six individual tenant-occupied 1 bed, 1 bath units, with four units on the first floor and two on the second floor. Various updates have been completed. The property includes off-street parking and a charming covered wrap-around front porch. Don't miss this chance to invest in a well-maintained property with a steady rental income!
This property screams potential! Both homes are in need of a full renovation, so you can be creative and have up to four units in one. The main home was previously used as a triplex, with two units downstairs and an apartment upstairs, plus a 1/1 carriage house on the property, all of which were metered separately. Convert the main home into a single family to live in and rent out the carriage house for additional income, or convert the main home to a duplex or even a triplex again. There is a ton of space to work with in this home and the possibilities are endless! The main home was built in 1935 with the carriage house being added 3 years later, and the brick appears to be in excellent condition, free of any visible cracks or flaws. The little downtown area where the home is located is super cute! Home is sold in AS-IS WHERE-IS condition. Seller is a licensed real estate agent in the state of Georgia.
The median home value in Sylvania, GA is $190,000. This is higher than the county median home value of $91,800. The national median home value is $219,700. The average price of homes sold in Sylvania, GA is $190,000. Approximately 44.58% of Sylvania homes are owned, compared to 37.79% rented, while 17.63% are vacant. Sylvania 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 Sylvania real estate agent to arrange a tour today!
Sylvania, Georgia has a population of 2,716. Sylvania is less family-centric than the surrounding county with 20.97% of the households containing married families with children. The county average for households married with children is 24.78%.
The median household income in Sylvania, Georgia is $30,258. The median household income for the surrounding county is $36,556 compared to the national median of $57,652. The median age of people living in Sylvania is 40.5 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 34.4 degrees. The average rainfall is approximately 47 inches per year, with 0.1 inches of snow per year.