For Sale
$600,000

1900 City Circle Rd Baxley, GA 31513

Eight-unit multifamily investment

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents two quadplex apartment buildings situated on a 0.55-acre lot in Baxley, Georgia. Built in 1985, the property consists of two single-story buildings, each housing four units. Each unit boasts two bedrooms and one bathroom, featuring an open layout with modern kitchens and spacious living areas. Convenient in-unit laundry hookups are included. Currently, all eight units are rented, generating a substantial monthly income of $5,450. The property's strong financial performance is further evidenced by a Net Operating Income (NOI) of $50,743. Annual expenses include property taxes of $3,454, flood insurance of $1,600, and general insurance of $3,964. The property's prime location offers easy access to local shopping, dining, and recreational parks, ensuring high tenant demand and occupancy rates. This turnkey investment is ideal for those seeking immediate cash flow and long-term appreciation potential. The property's APN is M003 010. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location. The asking price is $600,000.

Highlights

  • $600,000 asking price for an 8-unit multifamily apartment building.
  • Net Operating Income (NOI) of $50,743.
  • Eight units, two buildings, each one story, built in 1985, situated on a 0.55-acre lot.
  • Located at 1900 City Circle Rd, Baxley, GA 31513 (APN: M003 010).

Property Details for 1900 City Circle Rd

Property type
Apartment buildings
Year Built
1985
Buildings
2
Stories
1
Lot Size (sq. ft)
23,958 SF
Units
8

Location Insight

City
Baxley
County
Appling
State
Georgia
Latitude
31.75032476606
Longitude
-82.349628639952
1900 City Circle Rd, Baxley, Georgia

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily investment
Where is the apartment building located?
The property is located at 1900 City Circle Rd Baxley, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: $600,000 asking price for an 8-unit multifamily apartment building.; Net Operating Income (NOI) of $50,743.; Eight units, two buildings, each one story, built in 1985, situated on a 0.55-acre lot.
How can I contact the broker?
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1900 City Circle Rd
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