300 Taylor Street, Nashville GA 31639 125237

  • Price450,000
  • StatusOff Market
  • Heated & Cooled7468
  • Lot Size0.39

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Excellent 6 unit apartment building that is 100% occupied with great, long-term tenants that are all current. All units are 2Br/2.5Ba. With $40,200 gross annual income and a proforma operating expense of 25%, the current cap rate is 6.35%. Rents could easily be raised to $43,200. During the turnover of unit 2, the seller added LVP floors downstairs and made a few cosmetic updates to increase the rent to $600, and it rented immediately. Units 1 and 3-6 are all leased for $550/month, and unit 2 is $600. Unit 3 had a new heat pump in 2019, unit 1 had a new heat pump in 2021, and unit 1 had new carpet upstairs in 2021. Don't miss this turn-key investment
Listing Provided By Dove Realty, Inc.

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  • Wendy Woodruff licensed REALTOR Valdosta Georgia and Florida homes

    Wendy Woodruff REALTORĀ®

    (229) 356-1380
    (229) 244-1992 Ext. 130

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