1. Georgia
  2. Forsyth
  3. 507 W Main St
$349,000

507 W Main St, Forsyth, GA 31029

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.77acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 25 days ago

Property Description

Here is your opportunity to own an incoming producing property in a great workforce market in Forsyth, GA. There are 2 duplexes with a history of strong cash flow. All units have been remodeled, except for Unit B-which is currently vacant and ready for finishing touches. Bldg 1 built in 1940; Bldg 2 built in 2008. You can purchase a multi-unit property with 2 to 4 units (duplex, triplex, or fourplex) using a standard FHA 203(b) loan. Requirement: You must occupy one of the units as your primary residence for at least one year. Benefit: This allows you to generate rental income from the other units, potentially offsetting your mortgage payments. Low Down Payment: You can make a down payment as low as 3.5% if your credit score is 580 or higher. A 10% down payment is required for credit scores between 500-579. Flexible Credit Requirements: FHA loans generally have more lenient credit requirements compared to conventional loans. Please do not disturb the tenants.

Listing Status:
Active
Date Added:
June 24, 2025 at 05:00AM
Listing Office:
Lifestyles Realty Georgia, Inc : 470-826-5755
Listing Agent:
Darlena Smithson : 770-856-5221
MLS ID:
10550216
  • Basement: None
  • A/C: Central Air
  • Heating: Central
  • Fireplace: Fireplaces: 0

This listing courtesy of Darlena Smithson, Lifestyles Realty Georgia, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Samuel E. Hubbard Elementary School

558 GA Highway 83 S, Forsyth, GA, 31029

Grades PK-5

0.78 miles away

M

Monroe County Middle School

66 Thornton Rd, Forsyth, GA, 31029

Grades 6-8

2.71 miles away

M

Mary Persons High School

310 Montpelier Ave, Forsyth, GA, 31029

Grades 9-12

1.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.