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Wonderful multi-family investment opportunity with a 12.1% cap rate and room to grow. 7 duplexes equal 14 rental units. Block construction on slab, so low maintenance means a better return on investment. All duplexes are 1190 sq ft with each unit offering a living area, kitchen, 2 bedrooms and a bathroom. Front porches and 2 parking spaces. Total rent collected is $5045/month. Two of the 14 units are vacant but have been partially remodeled so rent there is potential for more rental income very quickly. 100% occupancy for the 12 remaining units. Sale includes 1506, 1508, 1512, 1514, 1516, 1518, 1520 E Society Ave. Map 000TT, 0032, parcels 0004, 003, 001, 014, 013 Lot 22 BLK F, Lot 20-21 BLK P, Lot 16-18 BLK P, Lot 14-15 BLK P, E 1/2 Lot 13 BLK 9. Taxes reflect city and county assessments. Buyers must provide evidence of financing approval or proof of funds to view property.
DAYS ON MARKET | 61 | LAST UPDATED | 11/2/2023 |
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YEAR BUILT | 1961 | COUNTY | Dougherty |
STATUS | Active | PROPERTY TYPE(S) | Commercial |
PRICE HISTORY | |
Prior to Oct 14, '23 | $499,000 |
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Oct 14, '23 - Nov 2, '23 | $475,000 |
Nov 2, '23 - Today | $450,000 |
ADDITIONAL DETAILS | |
CONSTRUCTION | Block |
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HEAT | Electric |
SEWER | Public Sewer |
WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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SATELLITE VIEW |
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Listing provided by Melissa Brock, Advantage Realty Partners LLC
Listing information is provided by the Tift Area Board of Realtors, and is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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