533 Ashby Street, Americus, GA

16.03% return

SP: $2,200,000

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Property Description

INSANE CASH FLOW!!

67 units in total, consisting of 42 different parcels! Portfolio has 99%+ occupancy and is completely turnkey! Low expenses. Properties have the potential to generate $36,275/month in income and a 16.03% return on investment. Units are located within minutes of eachother. This is an opportunity to build a huge rental portfolio without putting in the work! Do not miss out, as package will get smaller.

Property management and financing available!

Property Information

Listing statusSold
Property typeMulti Family (43 properties)
Total units67
Total bedrooms149
Total bathrooms71.5
Building size89791 sq. ft.
Lot size11.6 acres
Year built1945 - 1992

CountySumter County
Subdivision
ConstructionBrick, Brick/Frame, Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWindow Unit, Central, Central Heat, Wall unit
CoolingWindow A/C, Central air

Property Financial Summary

Sale price$2,200,000
Estimated rehab¹$0
Total investment$2,200,000

TypeProforma

Gross income (annually)$435,300
Operating expenses (annually)$82,735
Net income (annually)$352,565
Gross return19.79%

Gross income (monthly)$36,275
Operating expenses (monthly)$6,895
Net income (monthly)$29,380
Net return16.03%

Property Income & ExpensesMonthlyAnnual

Income

102 Pinecrest Drive
3 bed / 1 bath$750/month$9,000/year
107 Sun Valley Drive, Quadplex #1
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
107 Sun Valley Drive, Quadplex #2
Unit 5: 2 bed / 1 bath$550/month$6,600/year
Unit 6: 2 bed / 1 bath$550/month$6,600/year
Unit 7: 2 bed / 1 bath$550/month$6,600/year
Unit 8: 2 bed / 1 bath$550/month$6,600/year
1102 Douglas Circle
3 bed / 1.5 bath$650/month$7,800/year
1104 Douglas Circle
2 bed / 1 bath$625/month$7,500/year
111 Sun Valley Drive, Quadplex
Unit 14: 1 bed / 1 bath$450/month$5,400/year
Unit 15: 1 bed / 1 bath$450/month$5,400/year
Unit 16: 1 bed / 1 bath$450/month$5,400/year
Unit 17: 1 bed / 1 bath$450/month$5,400/year
1223 Lafayette Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
1302 Ridge Street
3 bed / 1 bath$650/month$7,800/year
1307 Ridge Street
3 bed / 2 bath$650/month$7,800/year
1713 Lafayette Street
3 bed / 1 bath$600/month$7,200/year
1715 Lafayette Street
3 bed / 1 bath$600/month$7,200/year
202 Frieda Lane
2 bed / 1 bath$675/month$8,100/year
205 Lorraine Avenue
3 bed / 2 bath$775/month$9,300/year
210 Brookdale Drive
3 bed / 1 bath$600/month$7,200/year
213 Elliott Street
2 bed / 1 bath$625/month$7,500/year
214 Wanda Way
3 bed / 2 bath$750/month$9,000/year
218 Horton Drive
3 bed / 1 bath$550/month$6,600/year
247 Horton Drive
3 bed / 1 bath$600/month$7,200/year
255 Brookdale Drive
3 bed / 1 bath$700/month$8,400/year
307 Rees Street
2 bed / 1 bath$600/month$7,200/year
403 Academy Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
405 Academy Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
453 Forrest Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
515 Cherokee Street
1 bed / 1 bath$425/month$5,100/year
519 West College Street
2 bed / 1 bath$600/month$7,200/year
532 East Furlow Street
2 bed / 1 bath$575/month$6,900/year
533 Ashby Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
604 Hawkins Street, Duplex
Unit A: 2 bed / 1 bath$375/month$4,500/year
Unit B: 2 bed / 1 bath$400/month$4,800/year
606 Lowe Street, Duplex
Unit A: 2 bed / 1 bath$375/month$4,500/year
Unit B: 2 bed / 1 bath$375/month$4,500/year
628 Felder Street, Quadplex
Unit 1: 2 bed / 1 bath$475/month$5,700/year
Unit 2: 2 bed / 1 bath$475/month$5,700/year
Unit 3: 2 bed / 1 bath$475/month$5,700/year
Unit 4: 2 bed / 1 bath$475/month$5,700/year
701 Douglas Drive
3 bed / 1 bath$700/month$8,400/year
706 Mayo Street
3 bed / 2 bath$700/month$8,400/year
709 Gail Street
3 bed / 1 bath$600/month$7,200/year
709 Mary Street, Duplex
Unit A: 1 bed / 1 bath$450/month$5,400/year
Unit B: 1 bed / 1 bath$450/month$5,400/year
725 Beale Street
3 bed / 1 bath$600/month$7,200/year
801 Ridge Street
3 bed / 1 bath$700/month$8,400/year
806 Fulton Street, Duplex
Unit A: 2 bed / 1 bath$550/month$6,600/year
Unit B: 2 bed / 1 bath$550/month$6,600/year
823 Ridge Street
3 bed / 1 bath$700/month$8,400/year
831 Ridge Street
3 bed / 1 bath$600/month$7,200/year
903 Parker Street, Duplex
Unit A: 2 bed / 1 bath$450/month$5,400/year
Unit B: 2 bed / 1 bath$450/month$5,400/year
905 Parker Street, Duplex
Unit A: 2 bed / 1 bath$475/month$5,700/year
Unit B: 2 bed / 1 bath$475/month$5,700/year
907 Parker Street, Duplex
Unit A: 3 bed / 1 bath$550/month$6,600/year
Unit B: 3 bed / 1 bath$550/month$6,600/year
911 Parker Street
3 bed / 1 bath$600/month$7,200/year
Total$36,275/month$435,300/year

Expenses

Property Taxes$1,931/month$23,172/year
Insurance$2,549/month$30,591/year
Maintenance reserve$2,183/month$26,200/year
Water and Sewer$80/month$960/year
Insurance (estimated)$101/month$1,212/year
Light poll$50/month$600/year
Total$6,895/month$82,735/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.