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103-109 Shiloh Ave SW 9 Unit Apartment Building $607,363 CAD ($67,485 CAD/Unit) 2.73% Cap Rate Milledgeville, GA 31061

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Executive Summary

Located at 103–109 Shiloh Avenue in Milledgeville, this 8-unit brick multifamily property offers an opportunity for an investor looking to acquire and improve an income-producing asset. The property sits on approximately 0.72 acres and consists of nine 2-bedroom, 1-bath units.
The property is currently approximately 66% occupied, providing immediate rental income along with significant potential to increase revenue through leasing the remaining units, renovations, and future rent adjustments.
The property is being offered AS-IS, making it well suited for an investor seeking a value-add multifamily opportunity. Its brick construction, existing tenant base, and potential for increased occupancy provide multiple avenues for improving the property's performance.

Property Facts

Price	$607,363 CAD	Apartment Style	Mid-Rise
Price Per Unit	$67,485 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.72 AC
Cap Rate	2.73%	Building Size	7,842 SF
Sale Conditions	Deferred Maintenance High Vacancy Property	Average Occupancy	70%
No. Units	9	No. Stories	1
Property Type	Multifamily	Year Built	1968
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	001 - Commercial zoning

Price	$607,363 CAD
Price Per Unit	$67,485 CAD
Sale Type	Investment
Cap Rate	2.73%
Sale Conditions	Deferred Maintenance High Vacancy Property
No. Units	9
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.72 AC
Building Size	7,842 SF
Average Occupancy	70%
No. Stories	1
Year Built	1968
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	001 - Commercial zoning

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
2+2	2	-	-

1 1

Somewhat walkable

30/100

Exceptionally drivable

100/100

Somewhat bikeable

30/100

Source: Local Logic^®

Property Taxes

Parcel Number	M05-033	Improvements Assessment	$91,552 CAD
Land Assessment	$2,385 CAD	Total Assessment	$93,937 CAD

Property Taxes

Parcel Number

M05-033

Land Assessment

$2,385 CAD

Improvements Assessment

$91,552 CAD

Total Assessment

$93,937 CAD

(470) 240-0421

Contact

Megan Lymon
Vanguard Movement Llc

Listing ID: 41950242
Date on Market: 2026-08-31
Last Updated:
Address: 103-109 Shiloh Ave SW, Milledgeville, GA 31061

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