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If I had $1.8 million, I’d invest in this subdivision in Douglasville with a going-in return of 5% with opportunity for growth. I’d develop the additional available lots. That’s called improving the asset and increasing the value – what any proper investor does.
The Youngstown subdivision is at Youngstown and Elsie streets just minutes from downtown Douglasville and just west of the Dallas Highway. Currently, all existing units are fully leased, indicating the upside potential with other tenants.
There are currently two quadraplex apartment buildings with land offering six more lots for future quadraplexes – or other buildings. Contact us for tour.
– Steve Massell, Massell Commercial Real Estate