103-109 Shiloh Ave SW - Apartments FOR SALE


Milledgeville, GA 31061
$440,000 USD
470-240-0421
103-109 Shiloh Ave SW, Milledgeville, GA for Sale
$440,000 USD
Apartments - FOR SALE
1/4
null | 2.73% Cap Rate

103-109 Shiloh Ave SW
Milledgeville, GA 31061


OVERVIEW

Located at 103–109 Shiloh Avenue in Milledgeville, this 8-unit brick multifamily property offers an opportunity for an investor looking to acquire and improve an income-producing asset. The property sits on approximately 0.72 acres and consists of nine 2-bedroom, 1-bath units. The property is currently approximately 66% occupied, providing immediate rental income along with significant potential to increase revenue through leasing the remaining units, renovations, and future rent adjustments. The property is being offered AS-IS, making it well suited for an investor seeking a value-add multifamily opportunity. Its brick construction, existing tenant base, and potential for increased occupancy provide multiple avenues for improving the property's performance.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

9

PRICE/UNIT

$48,889

CAP RATE

2.73%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

001

APN/PARCEL ID

M05-033

ASK ABOUT THIS PROPERTY

Megan LymonVanguard Movement LlcMore Info
470-240-0421

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Megan LymonVanguard Movement LlcMore Info
470-240-0421

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.