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INVESTMENT HIGHLIGHTS
- Appliances: Refrigerator, Electric Range
- Floors: Carpet, Vinyl, Luxury Vinyl
- Cooling: Wall/Window Unit(s)
EXECUTIVE SUMMARY
Strong investment opportunity in the heart of Moultrie, GA! 515 5th Avenue SE is a solid masonry-built quadplex featuring four spacious 2BR/1BA units (±950 sq ft each). Currently 100% occupied with a proven rental history, the property offers immediate, turn-key income at $900/unit and significant upside with market comparables supporting ±$1,200/unit. Units are individually metered and direct billed by utility companies. Tenants enjoy ample off-street parking and a central location just blocks from historic downtown Moultrie - close to shopping, restaurants, major employers, schools, churches, and entertainment. Perfect for investors seeking stable cash flow with value-add potential, or for owner-occupants who want to live in one unit and lease the other three to offset or even eliminate housing costs. This quadplex can be purchased individually or together with the sister quad property next door (521 5th Avenue SE). Moultrie / Colquitt County is thriving and the leader for steady growth in southwest Georgia. Close to Interstate(s) I-75 and I-10 and growth-minded leadership make the community a favorable place for professionals and families seeking convenience and value in a small town setting.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $395,000 | Building Class | C |
| Price Per Unit | $98,750 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 7,886 SF |
| Gross Rent Multiplier | 9.14 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | C1T - Commercial - Multi-family allowed | ||
| Price | $395,000 |
| Price Per Unit | $98,750 |
| Sale Type | Investment |
| Gross Rent Multiplier | 9.14 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 7,886 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C1T - Commercial - Multi-family allowed |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Den
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $900.00 | 950 |
1 1
PROPERTY TAXES
| Parcel Number | M035-019 | Total Assessment | $43,274 (2024) |
| Land Assessment | $5,112 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $38,162 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
M035-019
Land Assessment
$5,112 (2024)
Improvements Assessment
$38,162 (2024)
Total Assessment
$43,274 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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515 5th Ave SE
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