237 Adams Ave, Ashburn, GA

Multi-family for Sale - $799,999 - 15,319 Sq. Ft. on 1.41 acres

Agent Info

Josephine Rubi

Property Info

  237 Adams Ave
  Ashburn GA 31714
UpdatedFebruary 10th, 2020
Building15,319 Sq. Ft.
Land1.41 acres


Property Description

Immediate Cash Flow! 12% Income Cap rate

Adams Ave Apartments located in the heart of Pecan country.

Property is made of concrete blocks inside and out. 100% occupied 25 unit (4) building apartment complex.

Unit Mix: 2-Studios, 10-(1) Bedroom, 13-(2) Bedroom

No Deferred maintenance. Tenants pay all utilities.

Apartments have been completely remodeled inside and out. Exterior has been totally painted, new roofs installed in all 4 buildings. Property has LED security lamps in the back of the drive ways. Gravel roads where graded and built up to 4 inches. New concrete pads where built for all apartments. New windows installed in all apartments as well as new Steel doors in the majority. Central Ac/Heat in all two bedroom units and brand new window units Ac/Heat capable of handling 550 sq ft have been installed in Studio and 1 Bedroom apartments.

Inside we have NEW heavy duty vinyl flooring; lights; ceiling fans; kitchen cabinets; Water heaters; toilets; bathroom vanity;kitchen, bath and shower faucets - everything NEW!

It is located within walking distance of DownTown, near I-75 and HWY 31 for easy commute


The property is currently managed by an on site manager who would stay in-place offering a truly “turnkey” investment opportunity with significant cash flow day one.

visit: https://www.easirealestatellc.com/


Total Gross Monthly Income $10,400

Total Gross Yearly Income GYI $124,800

Potential Vacancy % 5 = $6,240 adjusted GYI $118,560

Op Expense 17.87% - $22,305 Net Operating Income $96,255

Monthly Operating Income $8,021

Cap Rate Offer Price 12.05%