Coastal Georgia Homes Search Results

$1,200,000

ATTENTION INVESTORS: Seven townhome units at Wilson Mill in Villa Rica, offered together as one package. Every unit is the same 2 bedroom, 1.5 bath floor plan with about 807 square feet and a garage, all built in 2001 and finished alike, which keeps turnovers simple and repairs predictable. The units are professionally managed today. With all seven leased at a $1,200 base rent, the property shows a 5.7% cap rate at list price. Several units are already collecting more than the base rent, and at $1,350 a month the cap rate moves to about 6.6%. Two units are vacant and ready for a new owner to lease at today's rents. Located in Villa Rica, minutes from I-20. A one-page investment summary with the full income and expense breakdown is available.

2 Beds ⋅ 2 Baths ⋅ 10883647 MLS

209 E Wilson Street, Villa Rica

Listing courtesy of Keller Williams Realty Carrollton.

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