703 1st St - Apartments FOR SALE


Moultrie, GA 31768
$2,125,000 USD
229-241-1471
703 1st St, Moultrie, GA for Sale
$2,125,000 USD
Apartments - FOR SALE
1/42
null | 7.13% Cap Rate

703 1st St
Moultrie, GA 31768


HIGHLIGHTS

  • 100% occupancy

OVERVIEW

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 7.13% 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!

FOR SALE DETAILS

PRICE

$2,125,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

22

PRICE/UNIT

$96,591

CAP RATE

7.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

R-3

APN/PARCEL ID

M025-208,M025-211,M025-212

ASK ABOUT THIS PROPERTY

Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

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Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.