111 1st St, Fitzgerald, GA 31750

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.