Blue Ridge Apartments
Multifamily | 8.60% CAP | 12 Units
Marketing description
The Charles Hawkins Co. is pleased to exclusively present the Blue Ridge Apartments for sale, located at 125 Jones Street, Blue Ridge, GA. This unique multifamily investment opportunity consists of 12 units spread across two buildings and is currently undergoing extensive renovations.
To date, eight (8) units have been fully renovated, while four (4) additional units are in the process of renovation. This presents a significant value-add opportunity for investors, with the potential for further improvement and enhanced rental income.
The property is ideally located just a short 5-minute walk from downtown Blue Ridge, offering convenient access to a variety of soughtafter amenities, including the popular Lake Blue Ridge Recreation Area and other local outdoor attractions.
Blue Ridge Apartments represent a compelling opportunity for investors, with strong demand in the area, solid local demographics, and ongoing capital improvements that will drive future value and return on investment.
Investment highlights
- Asking Price: $1,800,000
- Units: 12 units across 2 Buildings
- Building B (4 Units) – currently under renovation and vacant
- Building C (8 Units) – newly renovated with 7/8 units rented
- Destination: Blueridge has become a popular vacation destination. The city has recently seen a boom in tourists and remote property owners. Airbnb’s and vacation cabins are in high demand.
- Value-Add: The owner currently pays water and trash. An investor could immediately increase NOI by having tenants pay for these utilities.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
