700 1st St Moultrie, GA 31768
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson
$1,995,000
6
BED
4
BATH
23,916
SQFT

  700 1st St Moultrie, GA 31768

Active (236 Days)

Description

Rare 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. Really large 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. 3 parcels all adjacent, metal roofing on all 2 story brick buildings and 1 story vinyls will need little maintenance. Proforma cap rate of 7.8% at monthly rents of $19,950/month once all units stabilized w/ little to no maintenance going forward. Located just 0.5 miles from lovely downtown Moultrie - plenty of jobs, retail & professional users, schools, entertainment, places of worship, etc all around!

MLS #:
133878
Lot Size
1.75 acres
Type
Multifamily
County
Colquitt County
Bathroom Details
  • Full Bathrooms: 4
Subdivision
  • Moultrie
Lot Information
  • Other-See Remarks
Heating and Cooling
  • Central Air
Basement Information
  • No
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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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 21, 2023
Price Changed
$1,995,000
-5%
-105,000
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