829 N Hill St - Apartments FOR SALE
Griffin, GA 30223 |
$7,835,000 USD
404-445-1090
829 N Hill St
Griffin, GA 30223
HIGHLIGHTS
- 60-unit garden-style community with 95% occupancy and large avg unit size of ±1,176 SF
- Mark-to-market upside: current avg rent $1,228 vs. market rent of $1,338 per unit
- 23 units fully upgraded; 11 units partially upgraded with LVP flooring and new appliances
- Brand new Pickleball Court, Gazebo, Fire Pit, Outdoor Grilling area & Playground
- No Affordable Housing restrictions; water/sewer bill-back system in place
- ±40 miles south of Atlanta with access to major employment, healthcare, and education nodes
FOR SALE DETAILS
PRICE
$7,835,000 USD
PRICE/SF
$112 USD /SF
# OF UNITS
60
PRICE/UNIT
$130,583
CAP RATE
8.29%
% LEASED
93%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
St. Phillip Villas
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2001
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.98 AC
LAND SF
260,489 SF
ZONING
HDR-B
APN/PARCEL ID
002-18-010
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404-445-1090
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404-445-1090
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