101 Fleming Dr Bonaire, GA 31005

Property Details for 101 Fleming Dr

Property size

11,254 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of nine single-family rental units located across Bonaire, Perry, and Warner Robins in Houston County, Georgia. The portfolio comprises one triplex, one duplex, and four single-family residences, totaling 11,254 square feet across five buildings. Built between 1963 and 1998, with renovations completed in 2021 and 2022, these properties boast a Class B rating and are currently 100% occupied, generating a substantial net operating income (NOI) of $58,500. The asking price is $750,000, representing a compelling $66.64 per square foot and a 7.80% cap rate. The properties are zoned R-1, R-2, and R-3, offering flexibility for future development. This portfolio benefits from its location in a thriving area of Middle Georgia, close to major interstates and significant employment centers, including Robins Air Force Base, a large employer with over 24,000 personnel. The strong rental history and potential for increased rental income through value-add improvements make this a highly attractive investment for those seeking a stable, cash-flowing portfolio with significant upside potential. The portfolio's location offers easy access to the Macon and Atlanta metropolitan areas, further enhancing its investment appeal. This is a 1031 exchange eligible property.