Located in central Douglas near Unity Park and Wiregrass Georgia Technical College, this 2-unit multifamily property offers investors a rare opportunity to acquire a well-maintained asset with substantial rental upside. The duplex consists of two 2BR/1BA units and features a metal roof and overall good condition, helping minimize near-term maintenance expenses. Both tenants are currently on month-to-month leases, providing flexibility to adjust rents and maximize returns. Current rents are significantly below market at $400 and $450 per month, while comparable units support rents of approximately $800 per month per unit. This creates a clear value-add opportunity through rent increases and improved asset performance. Its central location provides convenient access to schools, employers, shopping, and recreation, enhancing long-term tenant demand. For investors seeking additional scale, the property may be purchased individually or as part of a package with the duplex located at 606 Ward Street. With strong upside potential, flexible tenancy, and a desirable location, this duplex is an attractive opportunity for investors looking to grow cash flow and build long-term value. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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