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!
Moultrie is located in Georgia. Moultrie, Georgia has a population of 14,621. Moultrie is less family-centric than the surrounding county with 25.65% of the households containing married families with children. The county average for households married with children is 29.16%.
The median household income in Moultrie, Georgia is $33,929. The median household income for the surrounding county is $41,623 compared to the national median of $69,021. The median age of people living in Moultrie is 35 years.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 38.8 degrees. The average rainfall is approximately 51.3 inches per year, with 0.1 inches of snow per year.
