151 Cicada DrMilledgeville, GA 31061

Property Details for 151 Cicada Dr

Year built

2003

Lot size

1.00 AC

Property size (Sq ft)

1,500 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents 13 single-story, multifamily homes situated on thirteen lots ranging from one to 2.87 acres in Milledgeville, Georgia. The property comprises 13 modular doublewide homes, each boasting 3 to 4 bedrooms and at least 2 bathrooms, with square footage ranging from 1,500 to 1,650 square feet. Built primarily between 2003 and 2004, these homes are all-electric, utilizing septic systems and county water. Many have undergone recent upgrades, including LVT flooring, fresh paint, and new cabinets. Kitchens are equipped with refrigerators and stoves, with some units also featuring dishwashers. Approximately one-third of the homes received new roofs in 2019, a mix of metal and shingle roofing. Additional features include fireplaces in select units, concrete driveways, and front and rear porches. All homes are situated on permanent foundations. Currently enjoying 100% occupancy, this property offers ease of management and a strong financial performance, boasting a 99% collection rate over the past 3.5 years. Detailed financial information is available upon request. The properties are conveniently located together in a single neighborhood, providing efficient oversight. The asking price is $1,295,000. The APNs are: 091A 045, 091A 046, 091A 047, 091A 082, 091A 080, 091A 079, 091A 078, 091A 077, 091A 076, 091A 075, 091A 074, 091A 098, 091A 100. Addresses include 151, 161, and 171 Cicada Drive SE, and 110, 130, 140, 150, 160, 170, 180, 181, and 190 Locust Court SE, all in Milledgeville, GA 31061.

Location Insight

City

Milledgeville

County

Baldwin

State

Georgia

Latitude

33.0841

Longitude

-83.1739

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