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32635198
32635200

700 SW 1st Street, Moultrie, GA 31768

JC
GA 342868
Coldwell Banker Commercial Premier Real Estate
Coldwell Banker Commercial Premier Real Estate
Listed by Coldwell Banker Commercial Premier Real Estate
$2,195,000
23 days on market
Updated 15 days ago
Opportunity zone

Center Town 22-Unit Portfolio

Details
Property Type Land
Sub Type Commercial, Other
Square Footage 23,916
Units 22
Cap Rate 7.00%
Occupancy 100%
Pro-Forma Cap Rate 8.00%
Price per SqFt $92
Class B
Acreage 1.750
Zoning R-3

Multifamily Portfolio | 22 Units | $99,773/unit

Marketing description

Rare 22 door turnkey investment opportunity in Moultrie, GA. Currently at 100% occupancy with recent updates to interiors including LVP flooring, painting, central HVAC, designer appliances / fixtures compliment crown moulding, built-ins, and extra closet space, etc that are original to these historical units. Really large floorplans & excellent mix of unit types to attract multiple tenant needs. Fourteen 2br/1ba, Four 3/2, & Four 1/1 - all individually metered with public utilities. 3 parcels all adjacent, metal roofing on all 2 story brick buildings and 1 story vinyls will need little maintenance. Proforma cap rate of 7.41% at monthly rents of $19,950/month once all units stabilized w/ little to no maintenance going forward. Located just 0.5 miles from lovely downtown Moultrie - plenty of jobs, retail & professional users, schools, entertainment, places of worship, etc all around!

Investment highlights

22-unit turnkey multifamily investment opportunity in Moultrie with 100% occupancy and strong cash flow. Six buildings across three contiguous parcels totaling approximately 23,916 SF. Unit mix includes fourteen 2BR/1BA units, four 3BR/2BA units, three 1BR/1BA units, and one studio unit, providing diversification across multiple tenant demographics and maximizing leasing demand. Current rents total $19,865/month with ability to bump to market rates of ±$22,530/mo. All units have been updated with LVP flooring, fresh paint, central HVAC, and upgraded fixtures/appliances while maintaining historic character and oversized floorplans. The property offers a unique, controlled residential setting on a quiet dead-end public street with no through traffic. Individually metered units with tenants direct billed by utility providers. Moultrie and Colquitt County continue to benefit from positive economic growth, expanding employers, and increased regional investment that support a strong multifamily rental market. Offered at $2,195,000 with projected cap rates of 7.06% current and 8.01% pro forma - rent roll, financials, and full offering memorandum available to qualified prospects.

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Listing Contacts

JC
GA 342868
Coldwell Banker Commercial Premier Real Estate
Coldwell Banker Commercial Premier Real Estate
Listed by Coldwell Banker Commercial Premier Real Estate

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Additional Information

Name
John Courson
License
342868
Brokerage
Coldwell Banker Premier Real Estate
Brokerage Phone
229-244-3535
Brokerage Address
1616 Norman Drive
Name
Autumn Wibright
License
452708
Brokerage Phone
2292443535
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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