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$1,200,000

Beds
Unknown
sq ft
Unknown

510 S College St, Statesboro, GA 30458

510 S College St

Statesboro, GA 30458

  • 182 days on market
    • Price drop $100,000↓
EXCELLENT INVESTMENT OPPORTUNITY. LOCATED A BLOCK OFF OF THE BLUE MILE AND WITHIN WALKING DISTANCE OF GEORGIA SOUTHERN UNIVERSITY!!! Close to restaurants, dog parks, and public transportation. This is a multi-family property on 3 acres consisting of 16 2-bedroom, 2-bath units. (5 Buildings) located in the middle of Statesboro. The property in its current condition can be remodeled or cleared off the land and rebuilt to accommodate more density and produce more income. (Concept plans showing up to 36 units are available.) The property is serviced by city utilities and may be eligible for city incentives and special financing. Call the listing agent for more information.

Details

Property type

Est. home value

$1,080,570

Property condition

Fixer

Lot size

3.00 acres

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$4,677.14

Price History

11/18/2024
GeorgiaMLS

GeorgiaMLS #10305746

Listed
$1,200,000
10/22/2024
GeorgiaMLS

GeorgiaMLS #10305746

Pending
$1,200,000
09/23/2024
GeorgiaMLS

GeorgiaMLS #10305746

Price change
$1,200,000
-7.69%

Schools & Community

Elementary school: 

Langston Chapel

Middle school: 

Langston Chapel

High school: 

Statesboro

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bonnie Glenn Properits

Loan start date

October 2020

Original loan amount

$547,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Commercial, 5 year

Seller

Justin Rick

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 11:10 AM

Listing updated: 11/18/2024 at 12:52 PM

Listed by: Dona A. Westberry, Weichert Realtors-Webb & Assoc

MLS: GeorgiaMLS #10305746

GeorgiaMLS logo

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