101 Concorde Ln, Madison, GA
Multi-family for Sale - $1,632,000 - 24,000 Sq. Ft.

Property Info
| CIMLS# | 81260 |
| Location 101 Concorde Ln Madison GA 30650 | |
| Updated | June 17th, 2010 |
| Type | Multi-family |
| Price | $1,632,000 |
| Building | 24,000 Sq. Ft. |
Property Description
Multi-family - Garden-low rise - 24 units (6 quads), all are 2BR/1.5BA, end units have fireplaces (12 units), all electric. 24 individually platted fee -simple lots. $68,000 per unit. Brick and vinyl construction. 30-yr architectural shingles (3 yrs old), built 1985. All new windows and doors, all new roofs within the past 3 yrs. New aluminum fascia, several units have been renovated within the past yr. Almost all of the HVAC units have been updated within the past 3 yrs. All units are located on private, city-maintained, cul-de-sac street. Great tenant base. Excellent site for future town home development. Let these units cash flow and pay for the great site while the market turns around. There is no other property avail. in the downtown area that is properly zoned for town homes. Residential home lots in the historic district have recently sold for $100,000+. MADISON WAS RATED BEST SMALL TOWN IN AMERICA BY TRAVEL HOLIDAY MAGAZINE.
