REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Robin Wetherington

robin.wetherington@exprealty.com +1(229) 682-4737

Listed by Caleb Ross Canopy Realty Group

$ 4,145,000

Est. payment -/mo

Save Virtual Tour

Active

0 Douglas- 58 Door Portfolio #63 Douglas, GA 31533

55,408 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Unit

Listing Status Active

Purchase Type For Sale

Square Footage 55,408 sqft

Price per Sqft $74

MLS Listing ID 153914

HOA Y/N No

Lot Size 27.800 Acres

Property Sub-Type Multi Unit

Property Description

Rare opportunity to acquire a 58-unit workforce housing portfolio strategically located throughout Coffee County, including Douglas and Broxton, Georgia. The portfolio currently generates approximately $33,853 in monthly rental income (approximately $406,236 annually) and consists of 22 park-owned homes, 13 tenant-owned home lots, 4 single-family rentals, 4 duplexes, 1 triplex, and 2 quadplexes. Seven of the park-owned homes are located within a mobile home park alongside the 13 tenant-owned lot rentals, while the remaining assets are strategically dispersed throughout the market, providing diversification across multiple property types and locations. The portfolio is 96.6% occupied, with only two vacant units offering immediate lease-up opportunities. Many properties feature tenant-paid utilities and individually metered electric service, helping minimize operating expenses. The portfolio includes 22 homes served by city water, 16 properties connected to city sewer, with the remaining assets utilizing private well and septic systems. Ownership has invested heavily in the portfolio through extensive capital improvements, including 23 recently installed metal roofs, along with renovations across numerous units, resulting in minimal deferred maintenance throughout much of the portfolio. Current operations provide strong in-place cash flow with significant additional upside. Estimated market rents total approximately $46,125 per month, creating a clear path to increased revenue through lease-up of the vacant units and the gradual repositioning of below-market rents. Additionally, 42 tenants are currently on month-to-month leases, allowing a new owner to implement rent adjustments and operational improvements quickly, while the remaining tenants are secured under annual lease agreements. This offering presents a rare opportunity to acquire institutional-scale workforce housing in one of South Georgia's strongest affordable housing markets with immediate cash flow.

Location

State GA

Area 11-Other

Zoning R, C

Interior

Interior Features Other

Heating Central, Other

Cooling Central Air, Electric, Other

Appliance Other

Exterior

Exterior Feature Other

Parking Features 3+ Cars, Other

Garage Spaces 3.0

View Y/N No

Roof Type Shingle,Metal

Garage No

Building

Story 1

Sewer Public Sewer, Septic Tank

Water Well, Public

Level or Stories One

Others

Virtual Tour https://tour.usamls.net/0-Douglas-63-Door-Portfolio-Douglas-GA-31533/unbranded

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(229) 682-4737

robin.wetherington@exprealty.com

Robin Wetherington

0 Douglas- 58 Door Portfolio #63 Douglas, GA 31533

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

0 Douglas- 58 Door Portfolio #63