8409 Duncan StDouglasville, GA 30134

Property Details for 8409 Duncan St

Year built

2001

Property size (Sq ft)

1,216 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This fee-simple, six-unit apartment building in Douglasville, Georgia, presents a compelling value-add investment opportunity. Located at 8409 Duncan St, 30134, the property boasts a total of 1,216 to 1,400 square feet across its units, situated on a 30,492 square foot lot. Built in 2001 and extensively renovated in 2023, the property currently enjoys 100% occupancy with a Net Operating Income (NOI) of $102,000, and a projected NOI of $126,000. The current asking price is $1,325,000, representing a price per unit of $220,833.33 and a current cap rate of 7.70%, with a pro-forma cap rate of 9.51%. Each unit offers either a 2-bedroom or 3-bedroom, 2-bathroom layout, and includes 20 parking spaces. The property is zoned R-6T and is currently undergoing renovations, with a waiting list for units. This presents a strong opportunity for immediate cash flow and future appreciation. The individual unit titles offer flexibility and potential for future development. This is a rare opportunity to acquire a well-located, renovated multifamily property with significant upside potential in a growing market.

Location Insight

City

Douglasville

County

Douglas

State

Georgia

Latitude

33.7514

Longitude

-84.7443

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