8409 Duncan St Douglasville, GA 30134
- Commercial real estate
- 1,216 SF
Current Use by Public Records
- Commercial real estate
Property Details for 8409 Duncan St
- Year built
- 2001
- Property size
- 1,216 SF
- Property type
- Commercial real estate
Description
This fee-simple, six-unit apartment building in Douglasville, Georgia, presents a compelling value-add investment opportunity. Located at 8409 Duncan St, 30134, the property boasts a total of 1,216 to 1,400 square feet across its units, situated on a 30,492 square foot lot. Built in 2001 and extensively renovated in 2023, the property currently enjoys 100% occupancy with a Net Operating Income (NOI) of $102,000, and a projected NOI of $126,000. The current asking price is $1,325,000, representing a price per unit of $220,833.33 and a current cap rate of 7.70%, with a pro-forma cap rate of 9.51%. Each unit offers either a 2-bedroom or 3-bedroom, 2-bathroom layout, and includes 20 parking spaces. The property is zoned R-6T and is currently undergoing renovations, with a waiting list for units. This presents a strong opportunity for immediate cash flow and future appreciation. The individual unit titles offer flexibility and potential for future development. This is a rare opportunity to acquire a well-located, renovated multifamily property with significant upside potential in a growing market.
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
- Douglasville
- County
- Douglas
- State
- Georgia
- Longitude
- -84.7442853
- Latitude
- 33.751352
