88 E Forest Drive, Woodstock, GA 30188

$230,000

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List Price
$230,000
MLS#
10867066
Type
Multifamily
City
Woodstock
County
Cherokee
Subdivision
Fountain n Lake
Year Built
1983

Property Description

INVESTOR OPPORTUNITY IN WOODSTOCK! Two-unit income property with immediate cash flow and value-add potential. Unit A is a 3 bedroom/2 bath currently rented at $1,500/month. Unit B is a vacant 1 bedroom/1 bath with an estimated rental potential of approximately $900/month, providing an opportunity to increase total gross income to approximately $2,400/month / $28,800 annually. Property consists of two lots and 1983 manufactured housing and is being sold AS-IS with deferred maintenance reflected in the pricing. Excellent opportunity for an investor looking for existing income with additional upside through repairs, improvements and lease-up of the vacant unit. Seller financing available with flexible terms, making this an attractive acquisition for investors seeking creative financing. Convenient Woodstock location near shopping, employment, schools and major roadways. Do not disturb tenant. POF and Appointment required. Buyer to perform all due diligence regarding condition, zoning, use, rental potential and manufactured-home status.

Additional Information

Elementary School
Arnold Mill
High School
River Ridge
Parking
Off Street
Basement Type
Crawl Space
Stories
1 Story
Fees Include
None
Tax Year
2025

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Calculator source: Real Geeks

Listing courtesy of Chapman Hall Realtors Atlanta North.

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