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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.
| DAYS ON MARKET | 3 | LAST UPDATED | 6/10/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1968 |
| COUNTY | Wayne | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Jesup |
|---|---|
| Jr. High School | Arthur Williams |
| High School | Wayne County |
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | None |
| CONSTRUCTION | Block |
| HEAT | Electric |
| LOT | 10019 sq ft |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | None |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with BHHS Hodnett Cooper Real Estate
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
