Listed by Caleb Ross Canopy Realty Group
$360,000
Est. payment /mo
13 Beds
8 Baths
7,000 SqFt
Active
205 George Teston Rd - 4 Units #4 Nicholls, GA 31554
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Key Details
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $51
MLS Listing ID 153900
Bedrooms 13
HOA Y/N No
Lot Size 3.000 Acres
Property Sub-Type Multi Unit
Property Description
This 4-unit mobile home portfolio offers investors immediate cash flow and strong upside potential in the Douglas rental market. Located on George Teston Road and Tommy Meeks Road, the portfolio consists of one 4BR/2BA home and three 3BR/2BA homes, providing a desirable mix of larger floor plans that remain in high demand. Currently, three units are occupied and one unit is vacant and rent-ready, allowing a new owner to increase income immediately. Existing rents are $1,000, $1,000, and $600 per month, while market rents support approximately $1,000 per month per unit, creating substantial upside through lease-up of the vacant unit and rent optimization of the under-market tenancy. Recent capital improvements include two new metal roofs, and the portfolio offers a combination of strong in-place cash flow and minimal deferred maintenance. The larger unit sizes appeal to families and long-term tenants, helping support occupancy and retention. With one unit ready for immediate occupancy, below-market rents, and a desirable location in the growing Douglas market, this portfolio presents an excellent opportunity for investors seeking both current income and future growth. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
Location
State GA
Area 11-Other
Zoning R
Interior
Interior Features Other
Heating None
Cooling Wall/Window Unit(s)
Appliance Other
Exterior
Exterior Feature None
Parking Features 3+ Cars
Garage Spaces 3.0
View Y/N No
Roof Type Metal
Garage No
Building
Story 1
Sewer Septic Tank
Water Well
Level or Stories One
NEARBY SCHOOL & BUSINESS
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