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MLS Number:
140867
List Price:
$2,075,000
Bedrooms:
# Full Baths:
# Partial Baths:
Area:
11-Other
Historic District:
Direction:
SW
Street #:
700
Street Name:
1st St
City:
Moultrie
State:
GA
Zip Code:
31768
Garage Dimensions:
Carport Dimensions:
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Heating:
Central
Cooling:
Central Air
Water:
Public
Appliances:
Other
Recreation:
Year Built:
HOA Fee:
No
HOA Fee $:
Interior Features:
Ceiling Fan(s)
Exterior Features:
None
Parking:
Other
Pool:
None
Restrictions:
Property Type:
Multi Unit
Property Description:
22 door turnkey investment opportunity in Moultrie, GA. Currently at 100% occupancy with recent updates to interiors including LVP flooring, painting, central HVAC, designer appliances / fixtures compliment crown moulding, built-ins, and extra closet space, etc that are original to these historical units. Huge floorplans & excellent mix of unit types to attract multiple tenant needs. Fourteen 2br/1ba, Four 3/2, & Four 1/1 - all individually metered with public utilities billed direct to tenants. 6 buildings over 3 parcels all adjacent and only units on public / dead end street with no outlet allows for control / security / neighbor monitoring, etc. Metal roofing on all 2 story brick buildings and 1 story vinyl-sided structures will need little to no maintenance going forward. Asking price cap rate of 7.3% at currently monthly rents of $19, 425/month and 35% OPEX factor....Located just ±0.5 miles from lovely downtown Moultrie, GA with plenty of jobs, retail & professional users, schools, entertainment, places of worship, etc all around!
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