The Lovers Oak Cottages Portefeuille de spécialité à vendre 6 biens 648 975 € Brunswick, GA

Investors and preservationists alike—don’t miss this exceptional opportunity to own six individually deeded historic homes in the Brunswick Georgia Historic District. Two of the homes have been meticulously restored, combining timeless character with modern functionality. Each of these two units is currently rented at $2,500/month, providing an immediate revenue stream of $5,000/month. At the current rate of rents an 18% return of the investment at completion with potential for major increase of return for the four remaining units.
Six Historic two bedroom, one bath homes, all in a row, beautiful, and known as The Lover’s Oak Cottages. These homes were built from 1908 to 1926 by the Birmingham Atlanta Railroad. These were section houses used by the workers to maintain miles of track. The two homes that have been completely renovated from the ground up with beautiful high ceilinged architectural design by local legend Charles W. Day. The design provides 17 foot ceilings in the kitchen and living room as well as 10 foot ceilings in the bedrooms. Tall closets and a fully decked attic provide ample storage. Historic charm is found in every corner such as “Haint Blue" paint on the front porch ceiling and period appropriate tile in the bathroom to include railroad tracks, commemorating the home's history. These classic structures maintain their historic appeal while allowing modern conveniences with brand new interiors, historically renovated exteriors, all new appliances and mechanical equipment. Brand new metal roofs and hurricane strapping from the rafters all the way into rebar in the concrete pilings provide a safe and updated structure. The remaining four units have architectural plans in place, approvals with the historic board and the city of Brunswick, as well as contractors ready to work. Each of the remaining homes are fully roofed, gutted, framed out, and ready for electrical plumbing, mechanical, insulation, sheet rock, paint, and finish. Completion of the first two took about 12 weeks for one and 14 concurrent weeks for two. Also of note; Lang Building Supply who originally supplied all the materials for the construction of the homes in 1908, is directly across the street. They have provided the vast majority of materials for the project, each of which were delivered directly and quickly by forklift. They provided the windows and doors and allowed storage at their location. The main goal of this project is to begin renovations of homes in downtown Brunswick. The successful renovation of this block will be the kickoff for this Workforce housing movement within downtown Brunswick Historic District.