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!
Oak Tree Villas - High-quality investment opportunity for 5 doors built in 2018 only 1/3 of a mile from PCOM South Georgia medical school in Moultrie, GA! Turnkey income at 100% occupancy now! Recent updates inside and out now command premium market rents from highest quality tenants who are proud to call these units home! Two Duplexes and One Single Family Home (5 doors total) all individually metered for power and water but on the same parcel. Each of the four duplex units is the same 1306 sq ft spacious 3BR/2BA floorplan. Luxury vinyl plank floors throughout, canned lighting, up to date appliance packages with lots of cabinets, W/D hookups, and private back porch areas. The single family home is 1813 sq ft and has covered rear carport for parking, small storage building, and great landscaping and curb appeal. Within city limits of Moultrie, entire parcel is 1.21 acres, partially fenced with signage already in place. Rents range from $1050-$1095 for the duplex units and $1295 on the house. PCOM South Georgia is an accredited osteopathic medicine medical school with a 75,000 sq ft state of the art facility built within walking distance of this property in just 2019! This location and investment opportunity will only appreciate going forward because of Moultrie's commitment to support PCOM's investment and other new development coming up all around! Rent Roll and financials available to qualified prospects.
Moultrie is located in Georgia. Moultrie, Georgia has a population of 14,221. Moultrie is less family-centric than the surrounding county with 21.22% of the households containing married families with children. The county average for households married with children is 27.26%.
The median household income in Moultrie, Georgia is $24,173. The median household income for the surrounding county is $34,503 compared to the national median of $57,652. The median age of people living in Moultrie is 34.6 years.
The average high temperature in July is 91.3 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 50.7 inches per year, with 0 inches of snow per year.
