142 E Montgomery Milledgeville, GA 31061

This Historic District home in Downtown Milledgeville, circa 1920, two blocks from GC Campus & downtown and three blocks from GMC campus, consists of 3 apartments. Great location and rental history. Several capital investments made in the past three years including roof, waste water plumbing, insulation and off-street parking. Very popular location and stable rents for over 19 years under same management. Currently priced at a 8.7% CAP Rate. This property is stable in all economic environments. Georgia College is ranked #16 by USNews in Regional Universities South 2022 https://www.usnews.com/best-colleges/georgia-college--state-university-1602. Total Electric. Each apartment has all appliances; Refrigerator, Stove, Laundry Machines that convey. Central HVAC for each unit. Each unit has electric meter. Single Water service meter for all tenants, provided by management. Total roof replacement in 2021. Wastewater Piping replaced in 2023. Additional insulation blown in attic in 2023. R38 Insulation added to existing insulation. Two of three units vacant for showing. Vacated 09/30/2023. Unit B on MTM holdover lease.