515 5th Ave SE - Apartments FOR SALE


Moultrie, GA 31768
$395,000 USD
229-241-1471
515 5th Ave SE, Moultrie, GA for Sale
$395,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

515 5th Ave SE
Moultrie, GA 31768


HIGHLIGHTS

  • Appliances: Refrigerator, Electric Range
  • Cooling: Wall/Window Unit(s)
  • Floors: Carpet, Vinyl, Luxury Vinyl

OVERVIEW

Strong investment opportunity in the heart of Moultrie, GA! 515 5th Avenue SE is a solid masonry-built quadplex featuring four spacious 2BR/1BA units (±950 sq ft each). Currently 100% occupied with a proven rental history, the property offers immediate, turn-key income at $900/unit and significant upside with market comparables supporting ±$1,200/unit. Units are individually metered and direct billed by utility companies. Tenants enjoy ample off-street parking and a central location just blocks from historic downtown Moultrie - close to shopping, restaurants, major employers, schools, churches, and entertainment. Perfect for investors seeking stable cash flow with value-add potential, or for owner-occupants who want to live in one unit and lease the other three to offset or even eliminate housing costs. This quadplex can be purchased individually or together with the sister quad property next door (521 5th Avenue SE). Moultrie / Colquitt County is thriving and the leader for steady growth in southwest Georgia. Close to Interstate(s) I-75 and I-10 and growth-minded leadership make the community a favorable place for professionals and families seeking convenience and value in a small town setting.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

4

PRICE/UNIT

$98,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C1T

APN/PARCEL ID

M035-019

ASK ABOUT THIS PROPERTY

Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

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Thomas CallColdwell Banker Commercial Premier Real EstateMore Info
229-241-1471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.