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34560341
34558635

632 Madison Street, Commerce, GA 30529-3325 For Sale

RE/MAX Tru
Listed by RE/MAX Tru
$5,287,383
2 days on market
Updated 2 days ago

632 Madison Street

Details
APN 17078
Property Type Multifamily
Sub Type Duplex
Square Footage 1,866
Units 18
Beds 3
Cap Rate 6.00%
NOI $317,003
Occupancy 83.33%
Tenancy Multi
Year Built 2026
Buildings 9
Stories 2
Acreage 5.760
Zoning Residential Income
Parking Spaces 36 spaces
Parking per 1,000 SqFt 19.29
Investment Type Stabilized

Multifamily | 6.00% CAP | 18 Units

Marketing description

Exceptional investment opportunity to acquire Cotton Gin Row, a newly constructed 18-unit build-to-rent townhome community in the rapidly growing Commerce, Georgia market. The property consists of nine duplex buildings situated on approximately 5.76 acres, with every residence offering the privacy and appeal of an end unit. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and individually metered utilities with tenants paying electric, water/sewer, and trash. The community is currently in lease-up with strong momentum and is projected to stabilize by the end of August 2026. Stabilized projected Net Operating Income is approximately $317,003 with a 6.0% cap rate at the asking price. Professionally managed with a low operating expense ratio and minimal deferred maintenance due to new construction. Ideally located along the I-85 corridor in Jackson County, the property benefits from strong workforce housing demand driven by major employers including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. This is a turnkey investment opportunity offering institutional-quality construction, strong long-term appreciation potential, and attractive cash flow in one of Northeast Georgia's fastest-growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement.

Investment highlights

  • Newly constructed 18-unit build-to-rent townhome community
  • Nine duplex buildings on approximately 5.76 acres
  • Every residence offering the privacy and appeal of an end unit
  • Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, attached 2-car garage
  • Granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, ceiling fans
  • Individually metered utilities with tenants paying electric, water/sewer, and trash
  • Currently in lease-up with strong momentum, projected to stabilize by end of August 2026
  • Stabilized projected Net Operating Income approximately $317,003 with 6.0% cap rate at asking price
  • Professionally managed with low operating expense ratio and minimal deferred maintenance due to new construction
  • Ideally located along I-85 corridor in Jackson County
  • Strong workforce housing demand driven by major employers including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and University of Georgia
  • Turnkey investment opportunity offering institutional-quality construction, strong long-term appreciation potential, and attractive cash flow

Listing Contacts

RE/MAX Tru
Listed by RE/MAX Tru

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$317,003.00
$26,416.92/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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