For Sale
$1,374,000

1167 Old Thomasville Rd Cairo, GA 39827

High-Yield Georgia Rental Property - 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 14-unit single-family rental portfolio presents a compelling investment opportunity in Cairo, Georgia. Situated on a spacious 5-acre lot at 1167 Old Thomasville Rd, Grady County, zip code 39827, this property boasts 10 buildings constructed in 2023. The portfolio comprises three duplex cabins, seven individual cabins, and one RV hookup, all currently leased, generating a substantial monthly income of $12,400. The property's high occupancy rate (100%) and existing waiting list underscore its strong rental demand. Further enhancing this turnkey investment, the sale includes a John Deere 2025 tractor/loader with rear attachments and a brand new (April 2024) Toro Zero Turn mower, valued at $20,000. Landscaping improvements, including new trees along the driveway, will be completed before closing. The property offers a 10% capitalization rate, making it an attractive addition to any real estate portfolio. This is a rare opportunity to acquire a fully operational, high-performing rental property with significant upside potential. The property is conveniently located on the outskirts of Cairo, offering easy access to nearby Thomasville. An on-site laundry facility adds further convenience for tenants. This turnkey investment is ready for immediate income generation.

Highlights

  • 100% Occupancy with Waiting List

Property Details for 1167 Old Thomasville Rd

Property type
Residential income homes
Year Built
2023
Buildings
10
Lot Size (sq. ft)
217,800 SF
Units
14

Location Insight

City
Cairo
County
Grady
State
Georgia
Latitude
30.9039058
Longitude
-84.1192208

FAQs

What type of property is this?
Residential income home - High-Yield Georgia Rental Property - 10% Cap Rate
Where is the residential income home located?
The property is located at 1167 Old Thomasville Rd Cairo, GA.
What is the asking price?
The asking price for this property is $1,374,000.
What are key features of this property?
This property features: 100% Occupancy with Waiting List; ;
How can I contact the broker?
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1167 Old Thomasville Rd
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