Estimated payment $1,152/month
About This Home
Unlock the potential of this unique investment package! This offering includes a seven-unit apartment building, a vacant buildable lot, and an additional lot with dilapidated house. The apartment building is a block structure with a metal roof, housing seven individual 1-bedroom, 1-bathroom units, each equipped with a kitchen and window AC units. No laundry. Water/Sewer included in rent. Tenants pay for Electricity with Ga Power. While all units require renovation, five are currently tenant-occupied, generating a steady income of $300 per unit. This provides an immediate revenue stream while you plan and execute upgrades to maximize rental income. Adding to the value is a 0.17-acre vacant lot directly across the street, offering prime potential for new construction, additional parking, or future development. Furthermore, a 0.37-acre lot located behind the apartment building at 379 N Cypress Street, which currently hosts a dilapidated house, is also part of this package. This is a comprehensive package deal perfect for investors looking to acquire a multi-faceted property with diverse income-generating and development possibilities. Property is priced according to condition and being sold As Is.
Listing Agent
BHHS Hodnett Cooper Real Estate BWK License #245521 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 0.77 Acre Lot
- Property fronts a county road
- Two or More Common Walls
- J14-128 & J14-122
Home Design
- Slab Foundation
- Metal Roof
- Block Exterior
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Parking
- On-Street Parking
- Off-Street Parking
Schools
- Waynecounty High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number J14-124
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $175,000 | -- | -- |
Source: Golden Isles Association of REALTORS®
MLS Number: 1654565
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