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Archived over 1 year ago

$299,900

3 bd 3 ba 0 sqft

Newnan, GA 30263

Residential Triplex Occupied Needs Repairs Off MLS

Current Rent **

$3,245

Projected Rent **

$3,610

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Tiffany Vogel

Rental Property Investor
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Unit 1 Details
  • Current Rent: $835
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $1,210
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,200
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Triplex Investment Opportunity in Walkable Downtown Newnan

Excellent opportunity to own a cash-flowing triplex just minutes from charming downtown Newnan. This property features three rental units: two 1 bed/1 bath units and one spacious studio (listed as 1/1 above because 0/1 wasn't an option). All units are currently rented with long-term tenants who have passed background and credit checks and pay on time.

The home is divided into three units with separate utilities. Two units share a meter, and the owner flat bills $100/month to the tenants. Current utilities average around $300/month so opportunity to increase monthly billing to $150/month and have tenants cover full expense.

One of the 1/1 units is separately metered and has been occupied by the same tenant for over 15 years. It has not been recently renovated and needs repairs, offering potential for increased rent with updates. Great opportunity to add value and increase cash flow.

Whether you’re an investor looking for steady income or a buyer seeking a house hack, this triplex delivers. Plus, it’s walkable to downtown Newnan’s shops, restaurants, and events—location and income potential in one package.

Owner financing considered with 10%+ down for qualified buyers.

Location:

Newnan, GA 30263

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.