$199,000
For Sale

Oglethorpe Drive

Lexington, GA 30648
Browse 14 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

***Seller is providing up to $5,000 in contributions: $2,500 contribution with use of a preferred lender and $2,500 for the use of a preferred attorney.***
Investment Opportunity: Zoned R3 Multi-family with approved plans for a 55 and older apartment complex. Each unit features 1 bed, 1 bath layout. Offering 21 units on 1.42 acres with sewer, water, and high-speed internet available. Perfect for developers targeting the growing senior living market.

  • Property Details
      • Utility FeaturesSewer Available, Underground Utilities, Water Available
      • SubdivisionNo Recorded Subdivision
      • CountyOglethorpe Co.
      • Property SubtypeUnimprovedLand
      • Sewer InformationPublic Sewer
      • Ownership TypeFeeSimple
      • Property TypePurchase
      • Original List Price$599,000
      • Parcel Number075 014B
      • MLS #1016394
      • MLS #1016394
      • Utility SourcePublic
      • Cost199000
      • Lot FeaturesLevel
      • Lot DescriptionLevel
      • Acres1.42
      • Taxes Annual$879
      • Days on Market (Cumulative)379
      • ZoningR3

Location

Greater Athens PropertiesReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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