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50 S Jackson Street

Forsyth, GA 31029
  • $3,950,000
  • STATUS: Active
  • ON SITE: 116 Days
  • MLS #: 20013476
UPDATED: 14 min ago
$3,950,000
  • 0
    BEDS
  • 1.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,000
    SQFT
  • $165
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2022
County:
Area:

School Ratings & Info

Description

24 Townhome Development Built and Leased as Brand New Construction Turn-Key Rental Property. Site is located in Historic Downtown Forsyth, GA and is only One block from the Historic City Square where you will find fine dining, shopping, and several local businesses including banks, hardware store, post office, and both the city and county municipal buildings. Site is 1 mile from I-75 for quick access north to Atlanta or south to Macon. At list price current developer/owner will build the entire development to suit the buyer and fully lease the property to 100% occupancy as a turnkey multifamily development. Leases shall come with a one year performance guarantee and the entire project shall come with a roof to foundation warranty on all materials and labor as a part of the deal. Price below an 8 CAP Rate and $500k less than a 7 CAP based on our very conservative income/expense projections. Alternatively, the fully approved site is available for purchase to the right buyer who will continue the developer's vision to completion. Any buyer must meet all terms agreed to with the City of Forsyth as a part of this project. See other listing for more details on that option. Sale shall include fully approved site plans and engineered construction drawings for the site. Owner is GA licensed broker #216409

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© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Denise Clements Team | Keller Williams Realty Atlanta Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Denise Clements Team | Keller Williams Realty Atlanta Partners. Data last updated: 2022-05-18T19:05:44.59.
www.denise-clements.com/homes/124943091
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50 S Jackson Street Forsyth, GA 31029

  • Price: $3,950,000
  • Status: Active
  • On Site: 116 Days
  • Updated: 14 min ago
  • MLS #: 20013476
0
Beds
0
Baths
0
½ Baths
1.95
Acres
24,000
SQFT
$165
$/SQFT
2022
Built
Neighborhood:
MONROE
County:
Monroe
Area:
MONROE
Property Description
24 Townhome Development Built and Leased as Brand New Construction Turn-Key Rental Property. Site is located in Historic Downtown Forsyth, GA and is only One block from the Historic City Square where you will find fine dining, shopping, and several local businesses including banks, hardware store, post office, and both the city and county municipal buildings. Site is 1 mile from I-75 for quick access north to Atlanta or south to Macon. At list price current developer/owner will build the entire development to suit the buyer and fully lease the property to 100% occupancy as a turnkey multifamily development. Leases shall come with a one year performance guarantee and the entire project shall come with a roof to foundation warranty on all materials and labor as a part of the deal. Price below an 8 CAP Rate and $500k less than a 7 CAP based on our very conservative income/expense projections. Alternatively, the fully approved site is available for purchase to the right buyer who will continue the developer's vision to completion. Any buyer must meet all terms agreed to with the City of Forsyth as a part of this project. See other listing for more details on that option. Sale shall include fully approved site plans and engineered construction drawings for the site. Owner is GA licensed broker #216409
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Wood Siding Garage YN No Lot Features Corner LotCity LotLevel Lot Size Area 1.95 Lot Size Source Public Records Lot Size Units Acres Parking Features SecuredParking Lot Parking Total 48 Road Surface Type Paved

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 24000 Building Area Units Square Feet Cooling Central AirElectric Cooling YN Yes Heating ElectricCentral Heating YN Yes Living Area Source Builder Living Area Units Square Feet

Property Features

Business Type Other Electric On Property YN Yes New Construction YN Yes Other Structures Other Property Condition New Construction Property Sub Type Commercial Sewer Public Sewer Special Listing Conditions Agent Owned Structure Type Other Tax Annual Amount 1208 Tax Year 2020 Utilities Cable AvailableElectricity AvailableHigh Speed InternetNatural Gas AvailableSewer AvailablePhone AvailableWater Available Water Source Public

GAMLS logo Listing provided courtesy of Century 21 Crowe Realty: 770-775-1800. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Denise Clements Team | Keller Williams Realty Atlanta Partners are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Denise Clements Team | Keller Williams Realty Atlanta Partners. Data last updated: 2022-05-18T19:05:44.59.
 
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The Denise Clements Team | Keller Williams Realty Atlanta Partners
1200 Commerce Drive
Peachtree City GA, 30269