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Center Town 700 1st St SW 22 Unit Apartment Building $2,195,000 ($99,773/Unit) Moultrie, GA 31768
Investment Highlights
- 22-unit turnkey multifamily property maintaining full occupancy and consistent cash flow.
- Diversified unit mix of studio, one-, two-, and three-bedroom layouts designed for multiple tenant demographics.
- Located within an Opportunity Zone, providing potential tax advantages for eligible investors.
- Renovated interiors with LVP flooring, upgraded fixtures, and modern appliances across all units.
- Individually metered units with direct utility billing enhances operational efficiency.
- Positioned in a growing market with positive economic indicators and expanding employment base.
Executive Summary
22-unit turnkey multifamily investment opportunity in Moultrie with 100% occupancy and strong cash flow. Six buildings across three contiguous parcels totaling approximately 23,916 SF. Unit mix includes fourteen 2BR/1BA units, four 3BR/2BA units, three 1BR/1BA units, and one studio unit, providing diversification across multiple tenant demographics and maximizing leasing demand. Current rents total $19,865/month with ability to bump to market rates of ±$22,530/mo. All units have been updated with LVP flooring, fresh paint, central HVAC, and upgraded fixtures/appliances while maintaining historic character and oversized floorplans. The property offers a unique, controlled residential setting on a quiet dead-end public street with no through traffic. Individually metered units with tenants direct billed by utility providers. Moultrie and Colquitt County continue to benefit from positive economic growth, expanding employers, and increased regional investment that support a strong multifamily rental market. Rent roll, financials, and full offering memorandum available to qualified prospects.
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $99,773 | Lot Size | 1.75 AC |
| Sale Type | Investment | Building Size | 23,916 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2022 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | MF - Multi Family (R-3) | ||
| Price | $2,195,000 |
| Price Per Unit | $99,773 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 23,916 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2022 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi Family (R-3) |
Amenities
Unit Amenities
- Air Conditioning
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 14 | - | - |
| 3+2 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $340,327 | |
| Land Assessment | $34,997 | Total Assessment | $375,324 |
Property Taxes
Parcel Numbers
Land Assessment
$34,997
Improvements Assessment
$340,327
Total Assessment
$375,324
Contacts
-
Bryce Ocepek -
John Courson -
Autumn Wibright -
Coldwell Banker Commercial Premier Real Estate
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