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  • Price cut: $24K (3/19)
    $525,000

    116 Ivey St, Richmond Hill, GA 31324

    7beds
    3,982sqft
    : 
    Triplex, Multi Family
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $132/sqft
    $-- HOA

    What's special

    Exceptional Investment Opportunity –Richmond Hill Triplex w/ As Is Monthly rental potential $4395-good cash flow Seize this rare opportunity to own a well-maintained, income-producing triplex in the heart of Richmond Hill! This versatile property features two 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, offering ample living space for tenants. The seller has invested over $55,000 in recent upgrades, including new HVAC systems and plumbing enhancements, ensuring long-term reliability and added value. There’s also potential to further increase rental income and equity with additional updates, making this a savvy investment. Prime Location: Conveniently located near Highway 17 and I-95, tenants enjoy easy access to shopping, dining, and top-rated schools, making this property highly desirable. This is more than just an investment—it's a chance to own a piece of Richmond Hill’s rich history while securing strong rental income in one of Georgia’s most sought-after communities.
    38 days
    on Zillow
    |
    370
    |
    21
    |

    Zillow last checked: 9 hours ago

    Listing updated: April 14, 2025 at 05:15am

    Listed by:

    Kathleen Linzey 912-414-4103,

    Realty One Group Inclusion

    Source: Savannah Multi-List Corp,MLS#: 327755MLS LogoOriginating MLS: Savannah Multi-List Corporation
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 116 Ivey St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric, Other, Window Unit(s)
    Appliances
    • Included: Electric Water Heater
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Basement: None
    Interior area
    • Total interior livable area: 3,982 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Off Street, Parking Lot
    Features
    • Patio & porch: Front Porch
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 0532141
    • Zoning: CITY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Triplex, Multi Family
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Richmond Hill
    HOA
    • Has HOA: No
    • HOA name: Daybreak Pm LLC
    • HOA phone: 385-337-8188
    Location
    • Region: Richmond Hill

    Financial & listing details

    • Price per square foot: $132/sqft
    • Tax assessed value: $406,200
    • Annual tax amount: $4,671
    • Date on market: 3/19/2025
    • Listing terms: Cash,Conventional,1031 Exchange,Other
    • Ownership: Investor
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