300 Elm St - Apartments FOR SALE


Hogansville, GA 30230
$6,000,000 USD
706-333-0680
300 Elm St, Hogansville, GA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

300 Elm St
Hogansville, GA 30230


HIGHLIGHTS

  • Value Add Investment Property

OVERVIEW

Excellent multi-family investment opportunity on the south side of Atlanta, in fast growing Hogansville, GA. Two buildings are turnkey with Health/Safety CO from the state of GA. 24 units complete. Entitled for 228 units. 3 pad ready sites with water and sewer installed. Sites are ready for building 300: 12 one-bedroom units, building 400: 12 two-bedroom units, building 500: 12 two-bedroom units. Quote obtained of approximately $1.22 million for one bedroom building (building 300) and $1.57 million for each two-bedroom building (building 400 and 500). Twelve one bedroom one bath units and twelve two-bedroom two bath units are complete with all kitchen appliances included. Two buildings include tankless electric hot water heaters, geothermal heating & cooling with inside air handlers, spray foam insulation, polished cement floor on main and LVT & tile throughout in units on 2nd and 3rd floors. US Postal units installed. Low maintenance cement siding. City of Hogansville CO has not been obtained. Outstanding erosion control remediation needed along with As-Built completed for building inspection.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

24

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hogans Ridge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

40

LAND DETAILS

LAND ACRES

18.5 AC

LAND SF

805,860 SF

ZONING

CR-MR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kendall ButlerF.L.I. PropertiesMore Info
706-333-0680

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Kendall ButlerF.L.I. PropertiesMore Info
706-333-0680

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