110 Johnson St - Apartments FOR SALE


Cartersville, GA 30120
$1,600,000 USD
503-953-0085
110 Johnson St, Cartersville, GA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

110 Johnson St
Cartersville, GA 30120


HIGHLIGHTS

  • Strong North Georgia Growth Market: Bartow County has grown ~17% since 2010, while Cartersville has grown 27% since 2010
  • Built-In Rent Upside Without Heavy Lifting: In-place rents sit nearly 9% below market with no major capital requirements
  • Well-Maintained Asset, Not a Turnaround: Clean, functional, and well-leased workforce product that an owner can selectively improve over time
  • Attractive Basis in a Supply-Constrained Market: At $100K/unit, the entry point is difficult to replicate given rising construction costs
  • Resilient Renter Demand: Affordable workforce housing priced below submarket averages is among the most consistently occupied product types

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 110 Johnson Street, a well-maintained, stabilized, and cash-flowing workforce housing community in one of Georgia’s strongest population growth corridors. Cartersville and Bartow County continue to benefit from sustained inmigration, expanding employment, and direct I-75 access to Atlanta, all fundamentals that support durable long-term renter demand.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

16

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C

APN/PARCEL ID

C004-0016-016

ASK ABOUT THIS PROPERTY

Harold ShepardMarcus & MillichapMore Info
503-953-0085

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Harold ShepardMarcus & MillichapMore Info
503-953-0085

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