700 SW 1St St Moultrie, GA 31768
Property profile & analytics
700 SW 1St St, Moultrie, GA 31768
- Office Spaces
- 495 SF
- 0.43 lot acres
Property ID
US22-3305805
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 700 SW 1St St
- Year built
- 1950
- Lot size
- 0.43 lot acres
- Property type
- Office Spaces
- APN
- M023 191
- APU
- M023191
Description
This exceptional stabilized multifamily investment opportunity presents a 22-unit apartment building in Moultrie, Georgia. The property boasts a 100% occupancy rate as of July 1, 2024, generating a strong net operating income (NOI) of $151,515, resulting in a 7.3% capitalization rate. Comprising six buildings situated on a 1.75-acre lot, this property features a mix of unit sizes, including fourteen 2-bedroom/1-bathroom units, four 3-bedroom/2-bathroom units, and four 1-bedroom/1-bathroom units. All units are individually metered for utilities, simplifying management and tenant billing. Recent renovations (2022) enhanced the interiors with luxury vinyl plank (LVP) flooring, fresh paint, updated central HVAC systems, and stylish designer appliances and fixtures. Original architectural details such as crown molding, built-ins, and extra closet space add character and appeal. The buildings themselves are well-maintained, featuring metal roofing on the two-story brick structures and vinyl siding on the one-story buildings, promising minimal future maintenance. The property is zoned R-3 and conveniently located approximately 0.5 miles from downtown Moultrie, offering easy access to employment, retail, schools, and other amenities. This turnkey investment presents a compelling opportunity for immediate cash flow and potential value appreciation. The asking price is $2,075,000, with a price per unit of $94,318.18 and a price per square foot of $86.76. The property consists of 23,916 square feet across six buildings, each two stories high, situated on three adjacent parcels. The location on a public dead-end street enhances security and neighbor monitoring.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Moultrie
- County
- Colquitt
- State
- Georgia
- Longitude
- -83.7872
- Latitude
- 31.1864
- CBSA code
- 34220
- CBSA name
- MOULTRIE, GA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$572
$9,460
$7,617
$17,077
-
$23,650
$19,042
$42,692
