38 & 256 Villa St, Unit 2
Property Description
This income-producing property features a 3BR/1BA single-family home and a 2BR/2BA mobile home located on Villa Street in Douglas, Georgia, offering investors immediate cash flow with additional upside through future rent growth. The 3BR/1BA home is currently rented for $650 per month, while the 2BR/2BA mobile home is leased for $750 per month. Market comparables support rents of approximately $825 per month for each unit, providing a clear opportunity to increase revenue through rent optimization. The single-family home has benefited from a new metal roof, helping minimize future maintenance expenses and reducing near-term capital expenditure needs. Conveniently located in Douglas, the property is well-positioned to benefit from continued demand for affordable workforce housing and easy access to local employers, schools, shopping, and amenities. With both units occupied, stable in-place income, recent capital improvements, and below-market rents, this property presents an attractive value-add opportunity for investors seeking dependable cash flow and long-term appreciation. Tenant occupied. Please do not approach or disturb tenants. Interior showings will be permitted only after a property is under contract during the Due Diligence Period.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $160,000 |
| Lot Size: | 2,230.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 3 |
ID: 3yd-VMLSGA-153901
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
251 Bomba Street
Barnwell, South Carolina
Brokers
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