*** ********* ***, ********, GA
13.56% return
LP:
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Property Description

This is a nice and clean 5 unit apartment complex located in beautiful South Georgia. Property is made out of solid brick and has a brand new roof. All utility meters are separate. Very inexpensive property to own and maintain. Fully fenced in. Central heat and air in every unit. Rented below market at $500 each but can generate $550-$600 each. No deferred maintenance is needed. Building is in good shape. Professional property management is available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units5
  • Total bedrooms10
  • Total bathrooms5
  • Building size4370 sq. ft.
  • Lot size0.4 acres
  • Year built1985
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • Roof
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $175,000
  • Estimated rehab 1 $0
  • Total investment $175,000
  • Type Proforma
  • Gross income (annually) $33,000
  • Operating expenses (annually) $9,275
  • Net income (annually) $23,725
  • Gross return 18.86%
  • Gross income (monthly) $2,750
  • Operating expenses (monthly) $773
  • Net income (monthly) $1,977
  • Net return 13.56%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $550/month $6,600/year
  • Unit 2: 2 bed / 1 bath $550/month $6,600/year
  • Unit 3: 2 bed / 1 bath $550/month $6,600/year
  • Unit 4: 2 bed / 1 bath $550/month $6,600/year
  • Unit 5: 2 bed / 1 bath $550/month $6,600/year
  • Total $2,750/month $33,000/year
  • Expenses
  • Property Taxes $223/month $2,675/year
  • Insurance $167/month $2,000/year
  • Maintenance reserve $333/month $4,000/year
  • Lawn care $50/month $600/year
  • Total $773/month $9,275/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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