19 4Th Ave Cairo, GA 39828

Property Details for 19 4Th Ave

Lot size

0.05 lot acres

Property size

6,116 SF

Property type

Commercial real estate

APN

C0190041

Description

This exceptional investment opportunity presents two beautifully renovated duplexes (four units total) situated on a 0.05-acre lot in downtown Cairo, Georgia. Boasting 100% occupancy since October 18, 2023, this stabilized multifamily property offers a compelling return on investment. The property features a total of 6,116 square feet, with two distinct building styles. One is a two-story brick structure (approximately 3,360 sq ft) offering two spacious three-bedroom, two-bathroom units. The other is a single-story garden-style duplex (approximately 2,756 sq ft) featuring two two-bedroom, two-bathroom units, each with a private back porch. All four units are individually metered for electricity, with tenants responsible for their own bills. The landlord provides lawn care, security lighting, and water/sewer to one of the duplexes. The 2023 renovations skillfully blended historic charm with modern amenities, ensuring high-quality tenants and premium rental rates. Located just blocks from downtown Cairo's amenities, including shopping, dining, entertainment, schools, and places of worship, this property offers a turnkey income stream and strong, solid structures. The property is zoned C-1 and has a pro-forma NOI of $39,312 and a pro-forma cap rate of 6.29%. The asking price is $625,000, representing a price per unit of $156,250 and a price per square foot of $102.19. Financial details are available to qualified buyers.

Location Insight

City

Cairo

County

Grady

State

Georgia

Longitude

-84.207275018008

Latitude

30.872623068363