1900 City Circle Rd Baxley, GA 31513
- Apartment buildings
- 0.55 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1900 City Circle Rd
- Year built
- 1985
- Lot size
- 0.55 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents two quadplex apartment buildings situated on a 0.55-acre lot in Baxley, Georgia. Built in 1985, the property consists of two single-story buildings, each housing four units. Each unit boasts two bedrooms and one bathroom, featuring an open layout with modern kitchens and spacious living areas. Convenient in-unit laundry hookups are included. Currently, all eight units are rented, generating a substantial monthly income of $5,450. The property's strong financial performance is further evidenced by a Net Operating Income (NOI) of $50,743. Annual expenses include property taxes of $3,454, flood insurance of $1,600, and general insurance of $3,964. The property's prime location offers easy access to local shopping, dining, and recreational parks, ensuring high tenant demand and occupancy rates. This turnkey investment is ideal for those seeking immediate cash flow and long-term appreciation potential. The property's APN is M003 010. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location. The asking price is $600,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baxley
- County
- Appling
- State
- Georgia
- Longitude
- -82.3496
- Latitude
- 31.7503
