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Jesup,GA 31546
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10540983
Year Built 1968
Lot Size 0.770 Acres
Property Sub-Type Multi Family
Property Description
Unlock the potential of this unique investment package! This offering includes a seven-unit apartment building, a vacant buildable lot, and an additional lot with dilapidated house. The apartment building is a block structure with a metal roof, housing seven individual 1-bedroom, 1-bathroom units, each equipped with a kitchen and window AC units. No laundry. Water/Sewer included in rent. Tenants pay for Electricity with Ga Power. While all units require renovation, five are currently tenant-occupied, generating a steady income of $300 per unit. This provides an immediate revenue stream while you plan and execute upgrades to maximize rental income. Adding to the value is a 0.17-acre vacant lot directly across the street, offering prime potential for new construction, additional parking, or future development. Furthermore, a 0.37-acre lot located behind the apartment building at 379 N Cypress Street, which currently hosts a dilapidated house, is also part of this package. This is a comprehensive package deal perfect for investors looking to acquire a multi-faceted property with diverse income-generating and development possibilities. Property is priced according to condition and being sold As Is.
Location
State GA
County Wayne
Interior
Heating Electric
Cooling Electric,Window Unit(s)
Exterior
Parking Features Off Street
Community Features None
Utilities Available Electricity Individual Meters
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction No
Schools
Elementary Schools Jesup
Middle Schools Arthur Williams
High Schools Wayne County
Others
Special Listing Condition Fixer