26 Nicole Lane, Ringgold, GA 30736

$1,800,000
25
BD
22
BA
13,120
SqFt

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List Price
$1,800,000
Price Change
▼ $50,000 1774294162
MLS#
1527308
Bedrooms
25
Sq. Ft
13,120
Acres
5
Year Built
1980

Property Description

Nicole Villas is a fully occupied multifamily property located at 26 Nicole Lane in Ringgold, Georgia. The community consists of a total of twenty residential units spread across five separate buildings, with four units in each building. Unit mix includes sixteen one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. The property sits on approximately five acres, offering a rare combination of scale, privacy, and future expansion potential, subject to zoning and approvals. Sixteen of the existing units have been updated, enhancing overall quality, tenant appeal, and long-term durability. The remaining units provide an opportunity for continued improvements over time, allowing a new owner to further elevate the community while maintaining stable occupancy and income. Nicole Villas benefits from a strong tenant base and professional management, resulting in predictable operations and a well-maintained community. The property is positioned as a stabilized, turnkey investment with limited near-term capital expenditure requirements. In addition to solid in-place performance, the expansive acreage offers meaningful long-term upside. The excess land provides flexibility for potential future unit additions or alternative development strategies, making this an especially compelling opportunity for investors seeking both stability and growth. Nicole Villas represents a rare chance to acquire a stabilized multifamily asset with updated units, multiple buildings, land upside, and a clear path for continued value creation in the Ringgold market.

Additional Information

Cooling
Central Air
Elementary School
Graysville Elementary School
Middle School
Ringgold Middle
High School
Ringgold High School
Financing Available
Cash, Conventional

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty.