700 1st St 22 Moultrie, GA 31768
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson - Contact:  2292443535

  700 1st St 22 Moultrie, GA 31768

Active (28 Days)
$2,075,000
6
BED
4
BATH
23,916
SQFT

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!

MLS #:
140867
Lot Size
1.75 acres
Type
Multifamily
County
Colquitt County

Listed By

John Courson, Coldwell Banker Premier Real Estate, Contact: 2292443535
Source
VALDOSTA/SOUTH GEORGIA
Last checked Jul 20 2024 at 1:17 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • Moultrie
Heating and Cooling
  • Central Air
Basement Information
  • No
Pool Information
  • None
Exterior Features
  • Vinyl Siding
  • Frame
  • Brick Veneer
  • Roof: Metal
Utility Information
  • Utilities: Public
  • Sewer: Public Sewer
Parking
  • Other
Stories
  • 2
Additional Listing Info
  • Buyer Brokerage Commission: 2.7
Location
   
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Disclaimer: Copyright 2023 Valdosta Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/21/23 09:29