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Sold on 01/01/2022

8938 University Dr, Commerce, GA 30529

$2,590,000

Last sold 01/01/2022 for $2.12M

  • —

    bed

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    bath

Multi-family not for sale
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About 8938 University Dr

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Lot size 1.84 Acre
Movoto estimate
Rental estimate
Property description
Investor opportunity in the city of Commerce. 4 buildings with 17 total units that include 8 apartments and 9 townhomes. 4 sides brick exterior with covered parking for each unit plus ample parking for guests. Total exterior overhaul just completed with new roofs and paint on all units and carports. The apartments have 2 br/1 ba and the townhomes have 2 br/1.5 ba. Townhomes have w/d hook ups and apartments share coin laundry. Shown by appointment only - Please do not disturb tenants.
Listed by
Listing Agent - Alana Bond
Listing Office - Bonco Realty
Source: Georgia MLS mls logo
MLS#9067419 • last updated 4 years ago
Movoto checked Georgia MLS for data 5 minutes ago
Overview
Levels/Style Two
Status Sold
MLS # 9067419
Property Type Residential Income
Lot Size (Acres) 1.84
Property Tax 12423.08
Year Built 1961
Property Condition Resale
Interior
Exterior
Construction Brick
Foundation Slab
# of Parking Spaces 2
Amenities / Utilities
Water/Sewer Public Sewer
Water Source Public
HOA Fee Includes Other
Location
Subdivision Mary Bowlan
Elementary School Commerce Primary/Elementary
High School Commerce
Middle School Commerce
Directions 8938 University Drive Commerce, GA 30529
APN C14 1
Multifamily Details
Total # of Units 17
$2.59M
Range: $1.57M-$3.6M
Last 30 days 
Rental est.: $1,368/month
Gross rent multiplier: 129.2
  • Jan 2022
    mls logo MLS # 9067419
  • Jan 1, 2022 Sold
    $2,120,000
  • Oct 20, 2021 Under Contract
    —
  • Oct 15, 2021 Listed
    $2,120,000
  • Dec 2021
    Public Records
  • Dec 30, 2021 Sold
    $2,120,000
  • Year Property taxes Tax assessment
  • 2024
    $23,039 +2.5%
    $834,556 +9.92%
  • 2023
    $22,479 +16.7%
    $759,236 +27.86%
  • 2022
    $19,254 +54.3%
    $593,796 +53.99%
  • 2021
    $12,480 +0.5%
    $385,596 +12.46%
  • 2020
    $12,423
    $342,876
  • 8938 University Dr
    $2.12M
  • Mary Bowlan
    —
  • 30529
    $399K +7% y/y
  • Commerce
    $419K +8% y/y
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Statistics calculated by Movoto

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