347 Beverly St - Apartments FOR SALE


Hinesville, GA 31313
$1,500,000 USD
912-977-4733
347 Beverly St, Hinesville, GA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 7% Cap Rate

347 Beverly St
Hinesville, GA 31313


HIGHLIGHTS

  • Proximity to Fort Stewart – Largest Department of Defense installation east of the Mississippi River with a $5.6 Billion annual economic impact
  • Walkable to Major Institutions – Georgia Southern University Liberty Campus and Army Education Center.
  • Well-Maintained – New siding recently installed.
  • Attractive CAP Rate Growth – As-is 5.9% CAP rate with the potential to reach 8%–9% stabilized CAP through management improvements and rent adjustments
  • Value-Add Potential – Below market rents present an opportunity to increase NOI.

OVERVIEW

This is a unique opportunity to acquire 14 well-maintained Class B townhomes strategically located within walking distance to Fort Stewart Gate 1, the U.S. Army Education Center, Georgia Southern University Liberty Campus, and the Public Library. The property’s prime location offers a steady tenant base, strong rental demand, and significant upside potential through management improvements and rent optimization. Current rents are below market, offering significant upside for an investor willing to implement modest capital improvements and professional management. By bringing rents to market, a savvy buyer could achieve a stabilized CAP rate between 8%–9% This is an exceptional opportunity for an investor to acquire a stable, cash-flowing multifamily asset with immediate upside potential in a high-demand military market. With Fort Stewart’s ongoing renovations and the property’s prime walkable location, demand is set to remain strong for years to come.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

14

PRICE/UNIT

$107,143

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beverly Street Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

34,109 SF

ZONING

ATR

APN/PARCEL ID

055C-179,055C-180,055C-181,055C-182,055C-183,055C-184,055C-185,055C-186,055C-187,055C-188,055C-189,055C-190,055C-191,055C-192

ASK ABOUT THIS PROPERTY

James R Shanken CCIM, CIPSColdwell Banker Southern CoastMore Info
912-977-4733

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James R Shanken CCIM, CIPSColdwell Banker Southern CoastMore Info
912-977-4733

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