201 203 Remsdale Street

Description

INVESTOR ALERT: MULTIPLE INCOME STREAMS IN ONE PROPERTY! Looking for a property that can generate income from day one while offering future upside? This unique Toccoa investment opportunity checks all the boxes. The property currently features two residential units plus a detached 24' x 30' garage/workshop, creating multiple opportunities for cash flow and future value-add improvements. Large Apartment Recently refreshed and move-in ready, this unit is currently vacant and available for a new tenant or owner-occupant. Estimated rental income is approximately $1,350/month (including utilities) and includes a convenient laundry hookup. Studio Apartment Currently occupied and producing $900/month in rental income, Utilities included. Detached Garage/Workshop The 24' x 30' building features two roll-up doors, a pedestrian entrance, and a full bathroom. Rent it as a workshop or storage space for an estimated $600/month, or explore the potential to convert the building into additional living space. With two separate water meters already in place, the groundwork is there for future expansion. Potential rental income from a conversion could exceed $2,000/month. Income Potential * Large Apartment: Approx. $1,350/month * Studio Apartment: $900/month (currently occupied) * Garage/Workshop: Approx. $600/month * Potential Gross Income: Approximately $2,850/month * Potential for even greater returns with future improvements Additional Highlights: Low operating costs Utilities average approximately $200-$300/month Insurance approximately $900/year Flexible owner-occupant or investor opportunity Multiple value-add strategies available Whether you're looking to build your portfolio, house hack, or create additional income streams, this property offers flexibility, cash flow, and future upside in one package.