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515 5th Ave SE 4 Unit Apartment Building $395,000 ($98,750/Unit) Moultrie, GA 31768

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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
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

PROPERTY TAXES

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
  • Listing ID: 37387275

  • Date on Market: 8/22/2025

  • Last Updated:

  • Address: 515 5th Ave SE, Moultrie, GA 31768

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