Carolina Ave
Warner Robins, GA 31088
Corder Rd Apartments · Land For Sale · 1.00 AC

This is an opportunity to own two small complexes for a total of 29 doors. Corder Rd has 15 doors which include 8 two bedroom townhouses, 3 three bedroom townhouses, and 4 three bedroom flats. One vacancy that can be turned and a tenant placed prior to purchase or after. That unit is a three bedroom flat and should rent for $1050/mo. Each unit is individually metered for water and power so owner only pays a minimal outdoor light bill and there is a grounds keeper that is paid monthly $300. All tenants are pretty stable with minimal issues. Some leases could be renewed under new ownership for an increased rent rate. Annual taxes $11,232. Carolina Ave (Parcel 0W041G 004000) has 14 doors, all brick two bedroom duplexes that sit on 5.58 acres behind Northside High School. Market rent for these units is around $850/mo. There are two new vacancies that can be turned and tenant placed prior to sale or after. Each unit is individually metered for power and water so owner only pays for grounds keeper at $700/mo. Parking is at each unit and all but three units have had renovations (those three have long term stable tenants so only renovations as needed). All units have central AC/Heat or mini splits. Annual taxes of $9289. The two locations will be sold together and not split apart. Both locations are under management currently. Property manager is ok to keep managing them or to relinquish management to another company. Both locations are easy to manage with great tenants and very little issues on the property or surrounding areas. DO NOT disturb tenants. Showings/Inspections will only be done during Due Diligence. Co-op is 2.5%