507 E CHURCH ST

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507 E CHURCH ST

MONROE, GA 30655-2511
Asking Price
$685K
Asset Type
Residential Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily asset listed for sale at 685,000 dollars.
  • Property occupies a flat half-acre parcel of land.
  • The site is currently zoned for multifamily use.
  • Existing single-family home provides immediate rental income.
  • Development potential exists on this half-acre residential lot.
  • Strategically situated in the Monroe area of Georgia.

What's Special

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.

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NOI
$80,000
Cap Rate
11.68%
DSCR
1.97
Strong
Cash-on-Cash
19.14%
Monthly Payment
$3,389.006
Annual Cash Flow
$39,331.925

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