201 203 Remsdale, Toccoa, Georgia

Description

Income-producing opportunity in Toccoa with multiple potential revenue streams! This versatile property features two residential units plus a detached garage/workshop with additional rental possibilities. The larger apartment has recently been refreshed and is currently vacant, ready for a new tenant or owner occupant. Estimated rental income is approximately $1,350/month and includes laundry hookup in the closet. The studio apartment is currently rented for $900/month including utilities. A major bonus is the 24x30 detached two-car garage/workshop featuring two roll-up doors, pedestrian entry door, and full bathroom. This space could rent in its current condition for approximately $600/month or offers future conversion potential for additional studio apartments or living space. Two separate water meters are already in place at the garage, with one currently active. Recent updates include conversion from central HVAC to cost-efficient window A/C units and gas wall heaters. Total utility expenses for the entire property typically average $200-$300/month. Seller currently pays approximately $900 annually for insurance. Projected income potential: * Larger Apartment: approx. $1,350/month * Studio Apartment: $900/month (occupied) * Garage/Workshop: approx. $600/month Potential gross monthly income of approximately $2,800/month. Excellent opportunity for investors or owner-occupants seeking additional income and future expansion possibilities.

Directions: Falls Road to Remsdale Road