Listed by Sands Investment Group
$1,000,000
Calhoun Apartment Complex - Calhoun, GA
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,628
Net Rentable (SqFt) 6,628
Units 6
Cap Rate 6.20%
Occupancy 100%
Price per SqFt $151
Class B
Year Built 1990
Year Renovated 2023
Buildings 1
Acreage 3.300
6-Unit Multi-Family | Renovated Units | Development Upside | Calhoun, GA
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,628 SF Calhoun Apartment Complex located at 134 Newtown Road in Calhoun, GA. Situated on 3.3 acres, the property consists of 6 residential units, including one duplex and one quadplex, and benefits from strong tenant occupancy. 5 of the 6 units have been fully or partially renovated, while the remaining unit is in good condition and occupied by the longest-standing tenant. With recent upgrades and stable tenancy, this asset provides investors with a solid multifamily opportunity, providing a unique investment.
Investment highlights
- Established residential location in Calhoun, GA, northeast of downtown and near major amenities.
- County seat of Gordon County; centrally located between Atlanta and Chattanooga, with access to I-75 and U.S. Highway 41.
- 3.3-acre property with 6 total units (1 duplex, 1 quadplex).
- 100% occupied, providing stable and consistent cash flow.
- 5 of 6 units are fully or partially renovated; the remaining unit is well-maintained with a long-term tenant.
- Interior upgrades include LVP flooring, LED lighting, appliances, paint, and general repairs.
- Exterior improvements include all new windows, doors, and siding on both buildings.
- Duplex (2 units) with split-level design with balconies, patios, and separate utility metering; significant capital improvements, including balcony rebuilds and HVAC updates.
- Quadplex (4 units) with a two-story layout, with a strong renovation history across units; landlord-paid water with separate gas/electric meters.
- Zoned for apartment development with potential for up to 46 units.
- Property is currently in the county with the ability to annex into the city.
- Utilities include gas and electric; water is partially metered.
- Served by septic systems with an existing dormant city sewer connection available for future development.
- Offers a combination of in-place income, recent capital improvements, and strong development upside.
Listing Contacts
Listed by Sands Investment Group
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