1018 – 1027 Century Dr, Unit 10
Property Description
1018-1027 Century Drive presents a rare opportunity to acquire a recently renovated 10-unit multifamily portfolio in Douglas, Georgia currenting bringing in $74,400 annually of stable income. The offering consists of two quadplexes and one duplex, totaling six (6) 2-bedroom/1-bath units and four (4) 1-bedroom/1-bath units. Currently leased at approximately $620 per unit, the property offers significant upside with market rents supporting approximately $760 per unit, providing investors with a clear path to increased cash flow and value creation. All units are individually metered, with utilities paid directly by tenants, minimizing landlord expenses and operational complexity. Recent capital improvements include renovated interiors throughout the portfolio and new metal roofs on two of the three buildings, resulting in minimal deferred maintenance and a turnkey investment opportunity. Located in the growing South Georgia market of Douglas, the property benefits from steady rental demand driven by regional employment, healthcare, education, and manufacturing sectors. With an attractive basis, strong in-place occupancy, and substantial rental upside, 1018, 1020, 1022, 1024, 1026, 1028, 1021, 1023, 1025, 1027 Century Drive is well-positioned for investors seeking durable cash flow, long-term appreciation, and value-add potential. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $741,000 |
| Year Built: | 1985 |
| Lot Size: | 8,116.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-VMLSGA-153870
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
3904 Bakers Ferry Road SW
Atlanta, Georgia
342 Brown Bridge Road
Auburn, Georgia
4301 Marion Avenue
Macon, GeorgiaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout