Land with Home for Sale in Douglas, Georgia

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.