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700 1st St
Moultrie, GA 31768
John Courson with COLDWELL BANKER PREMIER REAL E, original listing - (229) 244-3535

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Property Details


List Price: $2,075,000
Beds: 6
Baths: Full: 4
Status: Active
SqFt: 23916 Square Feet
Agency: COLDWELL BANKER PREMIER REAL E
Agency Phone: (229) 244-3535

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Description/Comments


Lot Size: 1 acre(s)
Property Type: Residential Multi Family-Other
Year Built: --
Notes: 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!
MlsNumber: --
ListingId: 140867


Listing Provided By: COLDWELL BANKER PREMIER REAL E, original listing
Phone: (229) 251-4632
Office Phone: (229) 244-3535
Agent Name: John Courson
Disclaimer: Copyright © 2024 South Georgia MLS (Valdosta). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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