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Listed by Caleb Ross Canopy Realty Group
$ 360,750
Est. payment /mo
Active
4261 GA-32 #5 Douglas, GA 31533
5 Beds
4 Baths
4,118 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,118 sqft
Price per Sqft $87
MLS Listing ID 153874
Bedrooms 5
HOA Y/N No
Lot Size 0.810 Acres
Property Sub-Type Multi Unit
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.
Location
State GA
Area 11-Other
Zoning R
Interior
Interior Features Insulated, Fireplace
Heating Central
Cooling Central Air, Electric
Fireplace Yes
Appliance Other
Exterior
Exterior Feature Other
Parking Features 3+ Cars
Garage Spaces 3.0
View Y/N No
Roof Type Shingle,Metal
Garage No
Building
Story 1
Sewer Septic Tank
Water Well
Level or Stories One
Others
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