Solid investment for 32 doors with larger units and proven rental history in Adel, GA. 8 brick buildings containing Four 2BR/1BA units each. ±960 sf consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze way for entry to limit neighbor noise. Seller has been updating units with new tops, fixtures, paint, flooring, etc. Market rents trending to $800/month with units leasing up as soon as they turn. ±5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place. Adel is small-town market but pro-growth vision. Turnkey income in place, $800/month rent with 35% operating expense factor is with 9.29% proforma cap rate.
