1014 S Gordon Ave

1014 S Gordon Ave, Adel, GA 31620

  • For Sale $1,999,000
  • Property Type Multi-Family
  • Lot Size 5.24 Acre
  • Year Built 1984
  • Date Updated Apr 28, 2024
  • Website www.cbcworldwide.com
Solid investment for 32 doors with larger units and proven rental history in Adel, GA. 8 brick buildings containing Four 2BR/1BA units each. ±960 sf consists of big bedrooms and bathroom, separate LR, dining and kitchen spaces. Walk-in closets, W/D hookups, individually metered for power / water, totally electric. Units separated by common breeze way for entry to limit neighbor noise. Seller has been updating units with new tops, fixtures, paint, flooring, etc. Market rents trending to $800/month with units leasing up as soon as they turn. ±5.24 acre site allows for plenty of greenspace and potential additional development with shared parking already in place. Adel is small-town market but pro-growth vision. Turnkey income in place, $800/month rent with 35% operating expense factor is with 9.29% proforma cap rate.

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Highlights

  • Age: 31-40 Years Old
  • Appliances: Range / Oven
  • Appliances: Refrigerator
  • Cooling: Central A/C - Electric
  • Exterior Description: Brick
  • Exterior Description: Other
  • Flooring: Mixed
  • Flooring: Tile
  • Heating - Fuel Type: Electric
  • Heating Type: Heat Pump
  • Lot Size: 5-10 Acres
  • Roof: Asphalt Shingle Roof
  • Sewer: Public
  • Water: City Water
  • Great investment property!

Contacts

broker

John Courson

Coldwell Banker Commercial Premier Real Estate

Location

Getting Around

  • Walk Score ®

    25/100 Car-Dependent

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Adel, GA
  • Neighborhood Adel
  • Zip Code 31620

Points of Interest

  • Liberty

    0.20 miles

  • Dorsey's Gas

    0.95 miles

  • Citgo

    0.97 miles

  • Citgo

    1.36 miles

  • Shell

    1.60 miles

  • BP

    1.65 miles

  • Citgo

    1.73 miles

  • Marathon

    2.89 miles

  • Holiday

    3.08 miles

  • Citgo

    3.40 miles

  • Days Inn

    1.72 miles

  • Hampton

    1.89 miles

  • Sparks Inn & Apartments

    3.38 miles

  • Family World Motel

    5.62 miles

  • Hahira Inn

    9.21 miles

  • Dough Boys

    0.25 miles

  • Sweet T's Smokehouse

    0.40 miles

  • Hardee's

    1.23 miles

  • Pizza Hut

    1.23 miles

  • Subway

    1.24 miles

  • Domino's

    1.27 miles

  • Waffle House

    1.31 miles

  • Dairy Queen

    1.35 miles

  • McDonald's

    1.41 miles

  • Burger King

    1.48 miles

  • Community Christian Academy

    0.52 miles

  • Cook High School

    2.10 miles

  • Cook Elementary School

    2.27 miles

  • Cook Middle School

    2.45 miles

  • Webb-Miller School

    9.78 miles

Frequently Asked Questions

What is the lease rate for 1014 S Gordon Ave?

Rental asking rate at 1014 S Gordon Ave is $999,500.00/YR.

When was this property built?

1014 S Gordon Ave was built in 1984.

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Contact Listing Broker

broker

John Courson

Coldwell Banker Commercial Premier Real Estate