415 Dewey StWaycross, GA 31501

Property Details for 415 Dewey St

Year built

1898

Lot size

0.33 AC

Property size (Sq ft)

6,294 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity presents a beautifully renovated, five-unit apartment building situated at 415 Dewey St, Waycross, GA 31501. Built in 1898 and extensively renovated in 2022, this property boasts 6,294 square feet on a 0.33-acre lot. The two-story building features five spacious units, each complete with its own kitchen, bathroom, bedroom, and individual electric AC/heater. Original hardwood floors add to the charm. Three units currently lease for $800 per month, one for $650, and a larger unit for $750, resulting in 100% occupancy. The seller covers water, trash, and gas (via a tankless water heater). Recent renovations include a complete electrical rewire upstairs, ensuring all systems are up to code. Ample parking is available. The property's prime location is just one mile from Waycross Hospital, within the desirable Cherokee Heights neighborhood. The asking price is $275,900 ($55,180 per unit, $43.84 per square foot), and the seller is offering a $2,500 closing cost concession. This is a turnkey investment with strong rental income and significant upside potential.

Location Insight

City

Waycross

County

Ware

State

Georgia

Latitude

31.2137

Longitude

-82.3481

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