227 Brumbelow Rd - Apartments FOR SALE


Carrollton, GA 30117
$6,700,000 USD
404-654-2347
227 Brumbelow Rd, Carrollton, GA for Sale
$6,700,000 USD
Apartments - FOR SALE
1/23
null | 6.7% Cap Rate

227 Brumbelow Rd
Carrollton, GA 30117


HIGHLIGHTS

  • 100% classic units providing a wide-open value-add play. $350 below renovated competitor
  • Located in desirable Carroll County with strong economy, school system and surrounding demographics
  • Adjacent to Carrollton Greenbelt - the longest paved loop in Georgia
  • Recent leases outpace rent roll by 4.1%
  • Highly amenitized asset with pool, cabana, grilling station, etc

OVERVIEW

All DD materials must be downloaded from the data room No seller financing Offers more than 7% from asking price will not be considered Wide open value-add opportunity with rents trailing across-the-street competitor by $350 Located in the highly desirable Caroll County with a housing moratorium, strong school system, diverse economy, and strong surrounding demographics Adjacent to Carrollton Greenbelt, the longest paved loop in Georgia

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

49

PRICE/UNIT

$136,735

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AI Carrollton Walk

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

185

LAND DETAILS

LAND ACRES

9.9 AC

LAND SF

431,244 SF

ZONING

R4

APN/PARCEL ID

C08-0360016,C08-0360017

ASK ABOUT THIS PROPERTY

Ian ShawBerkadia Real Estate AdvisorsMore Info
404-654-2347

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

Ian ShawBerkadia Real Estate AdvisorsMore Info
404-654-2347

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