11 Old Carrollton Rd - Apartments FOR SALE


Newnan, GA 30263
$950,000 USD
404-557-2162
11 Old Carrollton Rd, Newnan, GA for Sale
$950,000 USD
Apartments - FOR SALE
1/16
null | 8.58% Cap Rate

11 Old Carrollton Rd
Newnan, GA 30263


HIGHLIGHTS

  • Corner lot w/ highway frontage. Income producing + future potential to redevelop 24+/- units that could rent weekly, monthly or annually.

OVERVIEW

2.1 acre corner lot with frontage on GA Highway 16/US Hwy 27 Alt with 5 separate single family rental homes. It is Zoned R-2 Multifamily Residential District which has an allowable density of up to 12 units per acre with 500 square foot minimum per unit. All utilities available including county sewer. It is directly across the street from the newly opened Dollar General Market. Great proximity to the 832-acre Project Sail campus and the Plant Yates power corridor. While data centers are low-density employers, the surrounding support services and regional economic shift are creating a high-demand "tech-adjacent" housing market in an area historically underserved by high-density residential options.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

8.58%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Carrollton Corner

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

R2

APN/PARCEL ID

034-4009-002

ASK ABOUT THIS PROPERTY

Riese CardenLindsey's Realtors Inc.More Info
404-557-2162

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Riese CardenLindsey's Realtors Inc.More Info
404-557-2162

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