538 Presley Rd Ludowici, GA 31316
- Commercial real estate
- 15,000 SF
- 12.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 538 Presley Rd
- Year built
- 2001
- Lot size
- 12.05 lot acres
- Property size
- 15,000 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 10-unit apartment building situated on a spacious 12.05-acre lot in Ludowici, Georgia. The property boasts a total of 15,000 square feet of living space, spread across two, two-story buildings. Built in 2001, this well-maintained complex offers a compelling return on investment, with each unit priced at $180,000, totaling an asking price of $1,800,000. The property is zoned for residential use (Res) and provides a strong cash flow potential. The individual units are not individually described, but the overall property condition suggests a solid rental income stream. This multifamily property is an ideal addition to any investor's portfolio, offering a blend of established income and significant land potential. The location in Ludowici, Long County, GA, 31316 provides a desirable setting for tenants. The property's size and layout offer opportunities for future expansion or redevelopment, subject to local zoning regulations. This is a rare opportunity to acquire a substantial multifamily property in a growing area. The price per square foot is $120, reflecting a competitive market value. Serious inquiries are encouraged to explore this lucrative investment further.
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
- Ludowici
- County
- Long
- State
- Georgia
- Longitude
- -81.7429593
- Latitude
- 31.7297772
