4261 GA-32, Unit 5
Property Description
Located just off Highway 32 in Douglas, Georgia, this multifamily investment opportunity consists of one duplex and one triplex situated on a single parcel, offering investors an efficient, easy-to-manage asset with immediate upside potential, currently bringing in $38,016 in annual income. The property features five total units, including three (3) 1BR/1BA units in the triplex and two (2) 2BR/1BA units in the duplex. Current rents average approximately $635 per month, while market comparables support rents of approximately $740 per month, providing a clear path to increased cash flow through strategic rent adjustments. Recent improvements include a new metal roof on the duplex, helping minimize near-term capital expenditures. The property also offers ample private parking, an attractive amenity for tenants that enhances convenience and retention. Operational efficiency is supported by a private well and septic system, reducing utility expenses and dependence on municipal services. Tenants are individually metered for electricity and pay the utility provider directly, while reimbursing ownership through a flat monthly water fee, helping offset operating costs. Douglas continues to benefit from strong demand for affordable workforce housing, driven by a stable employment base and limited housing inventory. With below-market rents, low-maintenance infrastructure, and recent capital improvements already in place, this asset presents an excellent opportunity for investors seeking a combination of stable income, operational efficiency, 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: | $360,750 |
| Lot Size: | 4,118.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-VMLSGA-153874
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