Bought with Max Bookhardt
$283,500
$307,500
7.8%For more information regarding the value of a property, please contact us for a free consultation.
1013 Elbert ST Darien, GA 31305
3 Beds
2 Baths
1,209 SqFt
Key Details
Sold Price $283,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,209 sqft
Price per Sqft $234
Subdivision No Recorded Subdivision
MLS Listing ID 1658446
Sold Date 02/20/26
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 2024
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Single Family Residence
Source ScoutMLS
Land Area 1209
Property Description
INVESTMENT OPPORTUNITY: 1,750 SF Income-Producing PropertyTwo Complete Homes | Built-In $~13,200 Annual IncomeWHAT MAKES THIS SPECIAL:This isn't your average home, it's a wealth-building asset. Live in the spacious 1,209 sq ft main house (3 bed/2 bath) while the 533 sq ft ADU (1 bed/1 bath) pays a portion of your mortgage. Or rent both units and cash flow $400+-/month from day one.MAIN RESIDENCE - 1,209 Square Feet:3 spacious bedrooms, 2 full bathroomsOpen-concept living and dining areaModern kitchen with ample storageStainless appliancesMaster suite with private bathroomSeparate laundry areaPrivate backyard and parkingCompletely separate from ADUINCOME-PRODUCING ADU - 533 Square Feet:Fully self-contained 1 bed/1 bath unitPrivate entrance and utilitiesComplete kitchen and bathroomPerfect for rental or AirbnbCurrently vacant and rent-readyTHE NUMBERS:House Hacking (Live + Rent):Your monthly payment: ~$2,300ADU rental income: -$1,100Net cost: $1,200/month (vs. $1,800 to rent!)Full Investment:Both units rented: $~2,600/month incomeAll expenses: -$2,379/monthCash flow: $~221-$~421/monthAnnual return: $2,652-$5,052Plus appreciation and principal paydown = $15,000-$17,000 total wealth created in Year 1PERFECT FOR:? First-time buyers (FHA eligible - 3.5% down)? House hackers wanting reduced housing costs? Investors seeking turnkey cash flow? Airbnb entrepreneurs? Multi-generational families? Anyone wanting to build wealth through real estateLOCATION:Darien, Georgia - Charming coastal town with:20 min to Jekyll Island beaches30 min to St. Simons IslandStrong rental demandGrowing tourism marketHistoric downtown and waterfrontAffordable coastal livingIncome properties are rare.Positive cash flow OR reduced living costsAppreciation + income = double returnsTax benefits and wealth buildingYour housing payment OR your passive income. You decide.
Location
State GA
County Mcintosh
Direction From downtown Darien, turn left onto 9th Street West. In 0.1 miles, turn right onto Elbert Street. Destination will be on the left in 0.1 miles.
Body of Water Public
Interior
Heating Electric
Cooling Electric
Appliance Microwave, Range, Refrigerator
Exterior
Parking Features Other
Fence Wood
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction Yes
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, USDA Loan, VA Loan
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