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Priced at 685,000 dollars, this multifamily asset is located at 507 E Church St in Monroe, Georgia. The property sits on a flat half-acre lot that is currently zoned for multifamily development. A rented single-family home currently occupies the site, offering immediate income generation while providing potential for future expansion or intensification of the parcel. Situated in a growing area of the metro region, the site benefits from its accessibility and proximity to local residential infrastructure. This configuration presents a functional option for investors looking to hold a steady asset or pursue residential redevelopment projects within the 30655 zip code. The site represents a flexible acquisition for those seeking land development prospects or a residential income stream in a developing submarket.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.