Fitzgerald GA Multi Family for Sale
$900,000
111 1 ST Fitzgerald, GA 31750
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.86 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 140989
- Subdivision:
- WIN HGTS
ADDITIONAL INFORMATION
16 door investment opportunity in Fitzgerald, GA. Offering consists of Two all brick buildings, eight 2br/1ba, and eight 1br/1ba apartments currently at 94% occupancy. 1 br units rent for $600 mo and 2 br units rent for $650. Recent updates to interior and exterior include new exterior paint, new windows, new HVAC units in all units. Some Interior units have been renovated as they are turned. All units have individually metered utilities. Asking price cap rate of 8.66% based on a gross effective rent of $120,000 a year with 35% OPEX. Located 0.5 miles from downtown Fitzgerald, GA.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.3 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- 20144058
- Subdivision:
- None
View additional info
Courtesy: Coldwell Banker Active RE
2294237653
ADDITIONAL INFORMATION
This duplex is being sold as is and needs some TLC. It would be a great investment property. Long term tenant of over 8 years that would love to stay and continue to rent from the new owner. The other tenant has been there around a year but loves the apartment and would like to continue renting from the new owners as well. Both realize rent may go up with new owner. Please call for an appointment and Do Not disturb tenants. Owner is willing to finance with $25K down payment and is willing to finance the rest over a 5 or 10 year term either is offered at 15% interest over that term. I will be able to produce a amortization schedule for either term showing payments over that term. For this option buyer must use sellers closing attorney.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 Georgia MLS. All rights reserved.
Fitzgerald Real Estate
The median home value in Fitzgerald, GA is $38,750. This is lower than the county median home value of $97,400. The national median home value is $219,700. The average price of homes sold in Fitzgerald, GA is $38,750. Approximately 37.18% of Fitzgerald homes are owned, compared to 41.4% rented, while 21.42% are vacant. Fitzgerald real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fitzgerald real estate agent to arrange a tour today!
Fitzgerald, Georgia has a population of 8,884. Fitzgerald is less family-centric than the surrounding county with 18.62% of the households containing married families with children. The county average for households married with children is 24.82%.
The median household income in Fitzgerald, Georgia is $25,688. The median household income for the surrounding county is $32,344 compared to the national median of $57,652. The median age of people living in Fitzgerald is 36.3 years.
Fitzgerald Weather
The average high temperature in July is 92.1 degrees, with an average low temperature in January of 37.4 degrees. The average rainfall is approximately 47.2 inches per year, with 0 inches of snow per year.