For Sale
$625,000

19 4Th AveCairo, GA 39828

Four-unit, 100% occupied duplexes. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents two beautifully renovated duplexes (four units total) situated on a 0.05-acre lot in downtown Cairo, Georgia. Boasting 100% occupancy since October 18, 2023, this stabilized multifamily property offers a compelling return on investment. The property features a total of 6,116 square feet, with two distinct building styles. One is a two-story brick structure (approximately 3,360 sq ft) offering two spacious three-bedroom, two-bathroom units. The other is a single-story garden-style duplex (approximately 2,756 sq ft) featuring two two-bedroom, two-bathroom units, each with a private back porch. All four units are individually metered for electricity, with tenants responsible for their own bills. The landlord provides lawn care, security lighting, and water/sewer to one of the duplexes. The 2023 renovations skillfully blended historic charm with modern amenities, ensuring high-quality tenants and premium rental rates. Located just blocks from downtown Cairo's amenities, including shopping, dining, entertainment, schools, and places of worship, this property offers a turnkey income stream and strong, solid structures. The property is zoned C-1 and has a pro-forma NOI of $39,312 and a pro-forma cap rate of 6.29%. The asking price is $625,000, representing a price per unit of $156,250 and a price per square foot of $102.19. Financial details are available to qualified buyers.

Highlights

  • High-yield, turnkey investment opportunity in Downtown Cairo with strong, well-maintained buildings.
  • Excellent location in the heart of Downtown Cairo.
  • Proven rental income stream.
  • Solid construction and durable structures.

Property Details for 19 4Th Ave

Property type
Apartment buildings
Square Feet
6,116 SF
Class
B
Year Renovated
2023
Buildings
2
Stories
2
Lot Size (sq. ft)
2,178 SF
Units
4

Location Insight

City
Cairo
County
Grady
State
Georgia
Latitude
30.872623068363
Longitude
-84.207275018008
19 4Th Ave, Cairo, Georgia

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19 4Th Ave
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