Unique income property in highly desirable northern lowndes county location with a total of 5 turn-key income rental units currently at 100% occupancy and strong rental history. 2. 8 acre tract at the se corner of old radar site & cat creek rds with 4 stick built and 1 mobile home only 2. 0 miles from moody air force base. All 5 rental units are 1br/1ba setup with the mh leased for $525/month and others at $475/month. Mh recently completely rehabbed with all the upgrades you could think of to attract and retain highest quality tenants. Luxury vinyl plank flooring, new cabinets, appliances, fixtures, finishes, roof, hvac and systems, etc. Minimal operating costs for your investment here as many longer term tenants in place. Current cap rate based on actual operating expenses is 10. 30%. Rent roll in docs & financials available to qualified prospects.
Home Size2,272 sqft
Lot Size2.4000 Acres
Neighborhood6-Incorp. from S. of Hwy 84 in Lowndes Co.
The vacancy rate of homes in 31605 is
6.35% with 59.81% of homes being owner-occupied. The median household income in 31605 is $54351 per year with those between 45 and 64 having the highest median income at $65143.