1482 Waverly Way

Monroe, GA 30656

$2,150,000
Price
2
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer...This well-maintained 16-unit property, just minutes from downtown Monroe, presents a lucrative investment opportunity. It comprises 12 two-bedroom, one-bath units with market rent values at $1,300 each and 4 one-bedroom, one-bath units with market rent values at $1,100 each, potentially generating a total annual rental income of $240,000. Recent updates include new roofs, HVAC units, tankless water heaters, flooring, and windows, ensuring low maintenance costs. Each building features washer/dryer connections, and there are additional storage units available for rent, providing potential for extra income. The property's prime location is convenient to Walton Piedmont Hospital, making it ideal for traveling nurses, and is close to the Facebook Data Center, Athens, Loganville, and within a 45-minute drive to Atlanta. This combination of updated amenities and strategic location makes the property highly attractive to tenants, ensuring consistent occupancy and strong revenue potential.

Listing Agent

  1. Aziz Izmour

    Aziz Izmour

    Listing Agent

    Compass

Property Details for 1482 Waverly Way

Subdivision Complex
Green Acres
Num Of Parking Spaces
0
Parking Features
Paved, Parking Lot
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 09/13/2024 11:42 AM

Property Details for 1482 Waverly Way

StatusPending
MLS #7395175
Days on Market71
Taxes$12,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1973
Lot Size2.00 AC / 87,120 SF
CountyWalton County

Building Information for 1482 Waverly Way

Stories1Residences16Year Built1973Building Size-Lot Size2.00 AC / 87,120 SF

Property Information for 1482 Waverly Way

Summary
Location and General Information
  • Community Features: Other
  • Directions: GPS friendly.
  • Lake Name: None
  • View: Other
  • Coordinates: -83.731014, 33.825832
Taxes and HOA Information
  • Parcel Number: N090B00000014000
  • Tax Year: 2023
  • Association: No
  • Block: 0
  • Tax Legal Description: N090B-014
  • Tax Lot: 0
School Information
  • Elementary School: Walker Park
  • High School: Monroe Area
  • Middle School: Carver
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central, Electric
  • Levels/Stories: One
  • Window Features: Insulated Windows
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Fencing: None
  • Roof Type: Other
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Land lot: 0
  • Lot Features: Level
  • Acreage Source: Other
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 16
Income & Expenses Information
  • Gross Annual Income: $214,600.00
  • Annual Expenses: $34,942.00
Unit 1
  • Unit Deposit Amount: $1,150.00
  • Unit Electric Included: No
  • Unit Features: Central Air, Dishwasher, Disposal, Dryer, Fire Alarm, Hardwood Floors, Range/Oven, Refrigerator
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 0
  • Unit Maintenance Included: No
  • Unit Occupant: Avail In 1 Year
  • Unit Water Included: No
  • Unit Rent Amount: $1,150.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 1482 Waverly Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1482 Waverly Way

Taxable ValueLand$19,398Additions$81,802Total$101,200
Tax Record2023$3,070 ($256 / month)
Home Facts
Total Finished SqFt3,124 SqFtAbove Grade Finished SqFt3,124 SqFtStories1Lot Size20,038 SqFtStyleMulti-Family Res (5+ Units)Year Built1973Year Renovated1987ZoningR1CountyWALTONAPNN090B-014

Schools near 1482 Waverly Way

This home is within Walton County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - 6 to 12
Rating
School
Distance
Walker Park Elementary School
PublicPK to 5

Carver Middle School
Public6 to 8

Monroe Area High School
Public9 to 12

Walton County Christian Learning Center
Private6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.