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.
Active
Price cut: $24K (3/19)
$525,000
116 Ivey St, Richmond Hill, GA 31324
7beds
3,982sqft
Est.:
Triplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$132/sqft
$-- HOA
What's special
- 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#: 327755
Originating MLS: Savannah Multi-List Corporation

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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