700 Murphy AveLaGrange, GA 30240

Description

This triplex offers a great investment opportunity with several recent improvements and strong rental income. The roof is approximately 3 years old, and the property features new windows and fresh exterior paint. Unit A has been recently remodeled, while Units B and C are in good, rentable condition. Rental rates have recently been increased, with the current monthly rents as follows: Unit A: $825 per month (recently leased), Unit B: $955 per month, Unit C: $1,350 per month Total Monthly Rental Income: approx $3,130 and Annual Gross Rental Income: approx $37,560Each unit is separately metered for electricity. Water is billed collectively, with tenants in Units B and C contributing $25 per occupant toward the monthly water expense. Unit B currently contributes $50 per month, while Unit C contributes $100 per month, for a total of $150 in water reimbursements. The average monthly water bill is approximately $120. With recent capital improvements, established rental income, and tenant contributions toward utility expenses, this property presents an attractive opportunity for an investor looking to add an income-producing property to their portfolio.

Property Information

Property type

Residential Income

Sub-type

Triplex

Structure type

Triplex

Year built

1918

Lot size

0.48 acres

Garage spaces

3

Parking spaces

3

Days on market

3

MLS^® Listing#

10884393

Property Features

Cooling

Electric · Gas · Ceiling Fan(s) · Central Air · Heat Pump · Window Unit(s)

Heating

Heat Pump · Natural Gas · Central

Basement

Crawl Space

Parking

Off Street · Parking Pad

Laundry

In Unit

Construction

Concrete · Other

Community

None

Utilities

Sewer Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Weathersbee

Middle

Gardner Newman

High

Lagrange

Financial Details

HOA

None

Annual taxes

$1,646Tax year 2025

Parcel number

0601B001008

Directions

At the corner of Murphy Ave and Oak St. look for sign.