409 E Woodward Street Vienna, GA 31092

If you wanted to look up what "value-add" meant in the multi-family world, this property would pop up wherever you searched! 36 doors total --- Twenty 3BR/2BA flats, Fourteen 2BR/1.5BA townhomes, and Two 2BR/1BA flats over 6 buildings all on one parcel! Excellent curb appeal, lots of greenspace, professional landscaping, and plenty of parking will attract and impress tenant prospects at first glance. Each unit is individually metered for power and gas, water is on one main meter and included in the rent currently. Interiors are well-worn and need overhauls to floor covering, wall covering, cabinets, appliance and fixture packages etc. Some units need more TLC than others. 7 out of 36 units currently rented because the property came out of the state of Georgia tax credit program and the remaining tenants are long-term residents. Property previously had an office / clubhouse that is no longer on site but could be re-built on existing slab. Rarely will you see a property with this much potential at just over $30K per door, so if the value-add play is what you want or know how to do, this is a true diamond in the rough! Conservative market rents at $695 for 3's and $595 for 2's will put this potential monthly gross at $23,420. Capital expenditures and time to cure / stabilize will vary with each investor but this shapes up to be a 10%++ cap anyway you project it so this one won't last long! Rent Roll / Financials / Projections available to qualified prospects with pre-approval or proof of funds documentation. Vienna, GA is located on Interstate 75 in mid-southern part of Georgia between larger markets of Macon to the north and Tifton / Valdosta to the south.