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$678,000

For Sale

5 days ago

8 - 1303 Pearl Ave N, Douglas, GA

House

MLS® 153880

13 Bed

6 Bath

8500 sqft

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 8500 sqft
Garage 
Taxes $2,936
Days Active 5
Lot Size 
Approx. Age 
Avg. Price Per Sqft $79
MLS® Number 153880

Property Address: 8-1303 Pearl Ave N, Douglas, GA, 31533-2915

Average square foot calculated using Size range provided by listing agent.

Description

This 8-unit residential portfolio consists of six single-family homes and two mobile homes located throughout Douglas, GA, including properties on N. Pearl Street, Edgewood Avenue, Green Avenue, Poplar Street, North Street, West Baker Highway, and Lacey Avenue. The portfolio features a diverse unit mix of one 4BR/2BA, two 4BR/1BA, one 3BR/2BA, two 3BR/1BA, one 2BR/2BA, and one 2BR/1BA. Currently generating approximately $67, 200 in annual gross income, rents average $700 per month, while market rents support an average of approximately $881 per month, providing significant upside through rent growth. Recent improvements include five new metal roofs, and seven of the eight units feature central heating and air conditioning. All properties are served by city water and sewer, with tenants paying their own utilities, helping keep operating expenses low. Offered at $678, 000, the portfolio presents a compelling value-add opportunity with a projected 8.73% pro forma cap rate based on market rents and a conservative 30% expense ratio. The current tenant mix includes four month-to-month leases and four annual leases, providing both stable cash flow and the ability to capture rental upside in the near term. With strong in-place income, recent capital improvements, and substantial rental upside, this portfolio offers investors an opportunity to acquire immediate scale in one of South Georgia's strongest workforce housing markets. Tenant Occupied, do not approach or disturb tenants. Interior showings allowed only when under contract during DDP.
MLS® Number153880
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway3+ Cars
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 2, 2026List Date
$678,000List Price
  • Commute

Commute

Starting Address
Destination Address
1303 Pearl Ave N, Douglas, GA

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