700 SW 1st St Moultrie, GA 31768
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!
- Property TypeMulti-Family
- NeighborhoodMoultrie
- CountyColquitt
- Taxes$12,223
- HOA/Condo/Coop Fees$0
- Days on Site41 Days
- MLS StatusActive
- MLS ID Number140867
- Home Size Source N/A
- Year BuiltN/A
- Lot Size1.75 Acres
- Full Baths4
- Partial BathsN/A
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