111 1st
Fitzgerald, Georgia

Fitzgerald, Georgia

Listed By CENTURY 21 Realty Advisors

The Commercial Property for Sale located at Fitzgerald, Georgia is currently for sale. Fitzgerald, Georgia is listed for $800,000. This property has 1 bathroom features. If the property located at Fitzgerald, Georgia isn't what you're looking for, visit https://www.century21global.com to see other Commercial Properties for Sale in Fitzgerald .

Date Updated : Apr 15, 2025

MLS#: 140989

$800,000 USD

  • Total rooms
    1
  • Minimum sellable space
    1,296m²  (13,952ft²)
The details

Property features

Construction details

  • Year built: 1950

Area

  • Property size: 1,296m²  (13,952ft²)
  • Land/Lot size: 3,480m²  (0.86ac)
  • Bathrooms: 1
  • Total rooms: 1

Description

16 door investment opportunity in Fitzgerald, GA. Offering consists of Two all brick buildings, eight 2br/1ba, and eight 1br/1ba apartments currently at 94% occupancy. 1 br units rent for $600 mo and 2 br units rent for $650. Recent updates to interior and exterior include new exterior paint, new windows, new HVAC units in all units. Some Interior units have been renovated as they are turned. All units have individually metered utilities. Asking price cap rate of 8.66% based on a gross effective rent of $120,000 a year with 35% OPEX. Located 0.5 miles from downtown Fitzgerald, GA.

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Location

Fitzgerald, Georgia
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