637 & 639 Ethel St, Unit 2
Property Description
This turnkey investment opportunity features two adjacent single-family rental homes in the heart of Douglas, Georgia, offering strong in-place cash flow with additional upside potential. The portfolio includes a 5BR/3BA home currently rented for $1,100/month and a 4BR/2BA home currently rented for $900/month, generating $24,000 in annual gross rental income. Market rents support approximately $1,250/month and $1,000/month, respectively, providing an opportunity for increased revenue through future lease renewals. Both homes have benefited from new metal roofs, feature central heating and air conditioning, and have undergone various interior and exterior updates. With little-to-no deferred maintenance, investors can step into immediate cash flow without the need for significant capital improvements. Located in the center of Douglas with convenient access to schools, employers, shopping, and major thoroughfares, these properties are well-positioned to benefit from continued demand for quality workforce housing. Whether purchased as a cash-flowing investment or as part of a larger portfolio strategy, these properties offer a compelling combination of stable income, recent improvements, and rental upside in one of South Georgia's most affordable and resilient housing markets. 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: | $219,000 |
| Lot Size: | 2,750.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 5 |
ID: 3yd-VMLSGA-153887
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