Listing

Property Description:

Positioned in the heart of Moultrie, this 12-unit multifamily portfolio offers a rare opportunity to acquire three quadplexes in a single, streamlined transaction, ideal for investors seeking immediate scale with clear upside potential. The portfolio includes 515, 521, and 713 5th Avenue SE, all under common ownership. Two properties are located side-by-side, with the third just blocks away, creating operational efficiency and ease of management. Each building consists of four spacious 2BR/1BA units ranging from approximately 950 to 1,050 square feet, constructed with durable brick and masonry exteriors and supported by ample off-street parking. The properties have demonstrated consistent rental demand, with current rents averaging approximately $900 per unit, generating roughly $10,800 per month in gross income across the portfolio. Market comparables support rents closer to $1,200 per unit, presenting a clear path to increase gross income to approximately $14,400 per month. This portfolio is well-positioned for a value-add investor looking to improve and reposition assets to capture rental upside. Through targeted interior and exterior updates and strategic branding, investors can unlock meaningful income growth across all 12 units. Individually metered units with direct tenant billing for utilities help reduce landlord expense exposure and simplify operations. Located just minutes from historic downtown Moultrie, the properties benefit from close proximity to shopping, dining, schools, major employers, and everyday conveniences. Colquitt County continues to experience steady growth supported by business-friendly leadership and regional connectivity, including access to I-75 and I-10 corridors, making the area attractive to a broad tenant base seeking affordability and convenience. Offered as a portfolio package at $1,035,000, this is an opportunity to secure multiple income-producing assets in one closing while benefiting from portfolio-level efficiency.