Absolute turnkey investment ready to cash-flow on closing day! South Knoll Apts - 14 doors well located just south of downtown Milledgeville - 12 2br/1ba apts behind a cottage style duplex w/ 2 1br/1ba units. Mailbox money scenario with little to no maintenance for years to come! Updated and enhanced over the last year to include new roof, LVP floor covering, modern appliances and fixtures, etc all go along with excellent curb appeal to attract high quality tenants willing to pay premium market rents! Brick, individual meters, W/D hookups, this place checks all the boxes! Many long term residents on MTM leases or expiration dates coming up allow new owner to bump rents to market rates immediately OR just over time as units naturally turn. Market rents are $725 for the 2/1s and $595 for the 1/1s for a $9890 potential gross income, 7.7% proforma cap at 30% OPEX & 5% vacancy. TURNKEY!
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