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Posted: Thursday, March 8, 2018 12:45 PM


Property Description:

This is an awesome rental package! Only 29k per door! Located in a beautiful small town Santa Claus, GA
. Very nice and quiet area. Package contains five duplexes and one apartment complex with six apartments. This is a total of six units. Each unit is two bedrooms, one bathroom and about 800 sq ft in size. The rents need to be raised to $450 for each unit but some are lower. Tenants pay all utilities as properties are separately metered. Property needs a new owner. The duplexes are next doors to gorgeous Santa Garden (please see video). With some TLC and re-positioning, these units will generate a 12%+ return on investment without any hassle. These buildings are solid brick construction. Only an hour and a half away from Savannah, GA.

Property Info:

Property type: Multi Family
Total units: 16
Total bedrooms: 32
Total bathrooms: 16
Building size: 12704 sqft.
Lot size: 1.9 acres
Year built: 1983-1985
County: Toombs County
Subdivision: SANTA CLAUS
Construction: Brick
Roof: Shingle
Water source: City
Water disposal: Sewer
Heating: Central
Cooling: Central

Property Financials:

Asking price: $475,000
Estimated rehab: $0
Total investment: $475,000
Type: Proforma
Gross return: 18.19%
Net return: 12.27%
Gross income: (annually) $86,400
Operating expenses: (annually) $28,100
Net income: (annually) $58,300
Gross income: (monthly) $7,200
Operating expenses: (monthly) $2,342
Net income: (monthly) $4,858

Real Pro
(954) 317-0019

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Bedrooms: 8

• Location: 16 Noel St Lyons GA 30436, Statesboro

• Post ID: 93593617 statesboro is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018