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34249692
34249687

112 Ragland Street, LaGrange, GA 30241

CH
GA GA 418299
The Norton Agency Gainesville
PC
GA 376088
Norton Commercial
Listed by The Norton Agency Gainesville, Norton Commercial
$1,360,000
3 days on market
Updated 3 days ago
Opportunity zone

Troup County Diversified Residential & Commercial Portfolio

Details
Property Type Multifamily, Mobile Home Park
Sub Type Single Family Rental Portfolio
Square Footage 13,029
Units 15
Cap Rate 8.17%
NOI $111,047
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Buildings 15
Investment Type Stabilized

15 Assets | 8.05% CAP

Marketing description

This offering presents a rare opportunity to acquire a stabilized, income-producing portfolio of 15 diversified rental properties strategically located throughout Troup County, Georgia, with assets in both LaGrange and Hogansville. The portfolio consists of a well-balanced mix of single-family residences, mobile homes, and a commercial building, providing investors with diversified income streams.

The portfolio comprises approximately 13,029 square feet of rentable space situated on a combined 4.92 acres, with individual units ranging from 576 square feet to 2,400 square feet. The properties are 100% occupied, generating a current gross rental income of $12,850 per month, providing immediate and consistent cash flow from day one of ownership.

One of the portfolio’s greatest strengths is the significant capital investment already made by the current ownership. More than $148,000 in capital improvements has been invested across the portfolio, substantially reducing deferred maintenance and positioning the assets for long-term ownership with minimal near-term capital requirements. These improvements have effectively de-risked the portfolio from a major renovation standpoint, allowing a new owner to focus on operations, rent growth, and wealth creation rather than significant repair expenditures.

The portfolio is currently offered at an 8.05% capitalization rate, providing an attractive yield in today’s investment market while offering future upside through continued rental increases and operational efficiencies. With strong occupancy, stabilized tenancy, and a history of ongoing ownership investment, this portfolio offers investors a compelling combination of immediate income and long-term appreciation potential.

Investment highlights

- 15 assets across LaGrange & Hogansville, Troup County, GA

- 8.05% cap rate — in-place, stabilized cash flow from day one

- Diversified income stream: single-family, mobile home & commercial

- Appox. $148,000 in CapEx already invested — substantially de-risked from major renovation

- Clear value-add runway through below-market rent normalization & operational efficiencies

- Flexible exit: hold as unified portfolio or individually disposition assets over time

- Attractive basis — well below replacement cost in a below-national-average cost market

Listing Contacts

CH
GA GA 418299
The Norton Agency Gainesville
PC
GA 376088
Norton Commercial
Listed by The Norton Agency Gainesville, Norton Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,046.72
$9,253.89/mo

Valuation Metrics

0
DSCR
8.17%
Cap Rate
8.17%
ROI

Map

Zoning

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TN-R ResidentialTwo FamilyTraditional Neighborhood Low Density Residential
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Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
CJ Harman
License
GA 418299
Name
Patrick Cisco
License
376088
Brokerage
Norton Commercial Acreage Group
Brokerage Phone
770.297.4800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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