Estimated payment $2,470/month
About This Home
Turnkey 8-Unit Apartment Complex - 100% Occupied - Excellent investment opportunity featuring eight rental units across three solid concrete block buildings, offering durability and low maintenance. The property is 100% occupied with one-year leases in place and generates $6,025 in total monthly rental income, providing immediate and stable cash flow. The unit mix includes seven 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. Each apartment is equipped with a range and refrigerator, and tenants enjoy efficient climate control with two-year-old mini-split A/C systems installed in each room. Significant improvements have already been completed, including a new roof, new floor tile, fresh interior paint throughout, and a new water heater. Nearly all windows have been replaced, enhancing both energy efficiency and appearance. Ideally located near Doctors Memorial Hospital and the local shopping district, this property benefits from strong rental demand and convenient access to employment, healthcare, and retail. With major upgrades completed, full occupancy, and steady income, this property presents a strong, low-maintenance investment opportunity for both new and experienced investors. Available for sale individually or may be purchased with a nearby duplex property ($2200 monthly income) and a single-family home ($1100 monthly income) for $700,000. Tenant occupied. Property may be inspected after commencement of due diligence period. No sign or lockbox. Please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $920
Year Built
- Built in 1948
Parking
- Off-Street Parking
Home Design
- Block Exterior
Schools
- Taylor Elementary And Middle School
- Taylor High School
Additional Features
- 1-Story Property
- 10,454 Sq Ft Lot
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Gross Income $6,025
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $922 | $48,530 | $6,000 | $42,530 |
| 2024 | $900 | $48,530 | $6,000 | $42,530 |
| 2023 | $900 | $44,940 | $0 | $0 |
| 2022 | $802 | $40,860 | $6,000 | $34,860 |
| 2021 | $870 | $42,980 | $6,000 | $36,980 |
| 2020 | $921 | $45,080 | $6,000 | $39,080 |
| 2019 | $981 | $47,730 | $6,000 | $41,730 |
| 2018 | $1,049 | $51,500 | $6,000 | $45,500 |
| 2017 | $546 | $54,160 | $6,000 | $48,160 |
| 2016 | $566 | $57,230 | $6,000 | $51,230 |
| 2015 | $1,049 | $50,408 | $6,000 | $44,408 |
| 2014 | -- | $50,953 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2026 03/11/26 | For Sale | $460,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | Dba Tampa Bay Title | |
| Special Warranty Deed | $64,800 | Attorney | |
| Deed | $64,800 | -- | |
| Warranty Deed | $70,000 | Attorney | |
| Warranty Deed | $85,000 | Attorney | |
| Corporate Deed | $40,000 | Frith Abstract & Title Compa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $63,000 | Seller Take Back |
Source: Georgia MLS
MLS Number: 10709000
APN: 23-04-07-03147-000
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Ask me questions while you tour the home.