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33612751
33612741

309 BARNHARDT CIR, FORT OGLETHORPE, GA 30742-3605

MK
TN TN 322724
Real Broker
Listed by Real Broker
$795,000
1 day on market
Updated 1 day ago

309 Barnhardt Cir Fort Oglethorpe 7 Unit Multi Family

Details
APN 0003I001
Property Type Multifamily, Senior Living
Sub Type Single Family Rental Portfolio
Square Footage 5,004
Units 7
Cap Rate 10.66%
NOI $90,600
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 8.5%
Pro-Forma NOI $67,600
Price per SqFt $159
Class B
Year Built 1915
Year Renovated 2016, 2021
Buildings 1
Stories 3
Lot Size (SqFt) 19,771
Zoning R-3
Parking Spaces spaces

100% leased $7300GMI Historic 7 unit Single family home

Marketing description

Single Family 7 Unit Historic Home Fully leased $7300GMI.Step into living history at 309 Barnhardt Circle, a rare opportunity to own a piece of Fort Oglethorpe's military past. Built in 1915 as the original Band Barracks, this remarkable property once housed 28 members of the post's military band and was electrified in 1920, a modern marvel for its time. The iconic center fields of Barnhardt Circle were historically used for cavalry training and even hosted polo matches, making this location not just historic, but legendary. Today, the property operates as a fully occupied 7-unit multi-family investment featuring: • 4 spacious one-bedroom apartments • 3 charming studio residences • Gross annual rents exceeding $87,500 • Zoned R-3 Residential Positioned steps from the 9,000+ acre Chickamauga Battlefield, this location offers unmatched walkability in one of the area's most sought-after historic districts. Residents enjoy proximity to shopping and dining in Fort Oglethorpe, with convenient access to Rossville and Chickamauga. Investment Highlights: • All units currently occupied with strong tenant demand • Stable cash flow with upside potential • Opportunity to increase rents by adding in-unit washer/dryers (currently located in basement) • Large attic and basement offering additional build-out potential • Ample rear and off-street parking • Covered front porch overlooking the historic ballfields This property blends stable income with irreplaceable historic character, an ideal acquisition for a seasoned investor or a turnkey 1031 exchange opportunity. Properties with this level of provenance rarely become available. Own a piece of military history while securing reliable returns in one of North Georgia's most distinctive historic corridor.

Investment highlights

100% leased $7300GMI Historic 7 unit Single family home. Updated within last 10 years, plumbing, electric, HVAC.

Listing Contacts

MK
TN TN 322724
Real Broker
Listed by Real Broker

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,600.00
$7,550.00/mo

Valuation Metrics

0
DSCR
11.4%
Cap Rate
11.4%
ROI

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