120 Iris Drive, Lagrange, GA 30241

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List Price
$300,000
MLS#
10890489
Type
Multifamily
City
Lagrange
County
Troup
Subdivision
Milam
Year Built
1967

Property Description

Home Sweet Home, Room to Grow or Cash Flow! Whether you're looking to expand your investment portfolio or live in one unit while the other helps pay your mortgage, this solid brick ranch offers an opportunity you don't want to miss! Situated on a spacious 1-acre lot in a quiet, established neighborhood with convenient access to the interstate, this well-built home has great bones and has been converted into a fully functioning duplex with two income-producing units! The larger front unit features 3 bedrooms and 2 bathrooms, currently rented for $1,200 per month, while the private rear unit offers 1 bedroom and 1 bathroom, currently bringing in $1,050 per month. That's a combined $2,250 in monthly rental income, or $27,000 annually! Additional highlights include an open-concept carport, detached garage, and plenty of outdoor space on the generous lot. Whether you're a seasoned investor looking for your next income-producing property or a savvy buyer ready to take advantage of the benefits of house hacking, this property offers flexibility, functionality, and income potential all in one! Both units are currently tenant-occupied. Please do not disturb tenants. Showings by appointment only.

Additional Information

Elementary School
Callaway
High School
Callaway
Parking
Off Street
Basement Type
None
Stories
1 Story
Fees Include
None
Tax Year
2024

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Listing courtesy of Villa Homes Realty.

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