Multifamily

1071 Heritage Drive

Greensboro, GA 30642

Location

1071 Heritage Drive, Greensboro GA 30642

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List Price$1,500,000
12 Units$125,000 per unit
Published yieldsYields UnpublishedRent coverage 0% — yields unpublished
IncompleteListing evidence · class C
Rents0 / 12 units
Who paysWater unknown · 12 units unknown
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $392 (2025)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

Property Financials

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7840207
Listing Provided By Cornerstone Real Estate Partners, LLC · 678-617-0076
Description

Property Description

Exceptional opportunity to acquire a 12-unit townhome portfolio in Greensboro consisting of two separate six-unit buildings! The community features spacious floor plans, long-term residents, and rents that are significantly below current market levels, creating substantial value-add potential for the next owner. Two of the 12 units have already been renovated, providing a strong starting point and an opportunity to continue improving the remaining units over time. Major exterior improvements have already been completed, including new roofs, complete exterior painting, siding and fascia repairs, replacement of damaged wood, updated gutters, exterior LED lighting, pressure washing, landscaping, tree trimming, and a resealed and restriped parking area. An HOA has been established to support the long-term maintenance of the community, and utilities are separately metered and paid directly by residents. The units are individually platted, providing future flexibility to operate the property as a rental portfolio or renovate and sell units individually. The seller will consider offers for the entire 12-unit portfolio or for either six-unit building separately. Two duplexes within the same area are also available for purchase, creating an opportunity to acquire additional units. With significant exterior capital improvements completed and multiple paths to create value, this is a rare opportunity to acquire a sizable multifamily investment at an affordable basis near Lake Oconee. Tours and additional property details are available upon request.
Listing facts

From this record

  • Incomplete — 0 of 12 unit rents

12 doors on the listing. Generic market notes are below the fold.

Tax Advantage

Opportunity Zone Property

Tract 13133950303

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30642, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
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Unit 3—————————
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Unit 6—————————
Unit 7—————————
Unit 8—————————
Unit 9—————————
Unit 10—————————
Unit 11—————————
Unit 12—————————
Total0 of 12 units with rent$0Y = owner-paid · — = unknown

Full detailed rent roll, tenant leases, and actual income/expense data not included in listing.

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. Enter GPI — incomplete roll. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished — thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

Jeff’s Investment Take

Market data · October 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete — 0 of 12 unit rents
Opportunity ZoneTract 13133950303

This property sits in a Qualified Opportunity Zone. For investors with a longer hold and proper QOF structure, the potential exclusion of post-investment appreciation after 10 years remains a meaningful tax-side consideration alongside the deal metrics above.

Educational only — not tax advice. Benefits depend on timing, fund structure, and holding/improvement tests. Confirm with your CPA.

Local market contextCore Metro
Med. close $/door$168,250321 closed · 12 mo
Med. asking rent$1,450
Months of supply8.5Active ÷ (12-mo closed ÷ 12)
County sold gross9.2%Rent ÷ close · T12 sold tape
County asking gross8.9%Rent ÷ list · live asks
County sold NOI cap5.9%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Core Metro benchmarks. DSCR and cash-on-cash use commercial terms (30% down / 7% / 25-yr amort) for 5+ units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 0% — yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.