Win Hgts
$800,000
111 1st, Fitzgerald, GA 31750
For Sale
Multifamily
Active
Last Updated: 04/15/2025
13,952 sqft
Building Size
0.86 acres
Lot Area
Details:
Building Size: 13,952 sqft
Lot Area: 0.86 acres
Units: 16
Year Built: 1950
Zoning: RES
MlsNumber: 140989
Baths: 1
Highlights:
- Annual Tax: $ 6977.0
- Max Contiguous Area: 13952.0
- Age: Over 50 Years Old
- Lot Size: 1/2 - 1 Acre
- Sewer: Public
- Water: City Water
Description:
16 door investment opportunity in Fitzgerald, GA. Offering consists of Two all brick buildings, eight 2br/1ba, and eight 1br/1ba apartments currently at 94% occupancy. 1 br units rent for $600 mo and 2 br units rent for $650. Recent updates to interior and exterior include new exterior paint, new windows, new HVAC units in all units. Some Interior units have been renovated as they are turned. All units have individually metered utilities. Asking price cap rate of 8.66% based on a gross effective rent of $120,000 a year with 35% OPEX. Located 0.5 miles from downtown Fitzgerald, GA.
Location
Gallery
