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110 Johnson St 16 Unit Apartment Building $2,172,800 CAD ($135,800 CAD/Unit) Cartersville, GA 30120
Investment Highlights
- Strong North Georgia Growth Market: Bartow County has grown ~17% since 2010, while Cartersville has grown 27% since 2010
- Well-Maintained Asset, Not a Turnaround: Clean, functional, and well-leased workforce product that an owner can selectively improve over time
- Resilient Renter Demand: Affordable workforce housing priced below submarket averages is among the most consistently occupied product types
- Built-In Rent Upside Without Heavy Lifting: In-place rents sit nearly 9% below market with no major capital requirements
- Attractive Basis in a Supply-Constrained Market: At $100K/unit, the entry point is difficult to replicate given rising construction costs
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 110 Johnson Street, a well-maintained, stabilized, and cash-flowing workforce housing community in one of Georgia’s strongest population growth corridors. Cartersville and Bartow County continue to benefit from sustained inmigration, expanding employment, and direct I-75 access to Atlanta, all fundamentals that support durable long-term renter demand.
Property Facts
| Price | $2,172,800 CAD | Building Class | C |
| Price Per Unit | $135,800 CAD | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 13,608 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Low-Rise | Parking Ratio | 1.84/1,000 SF |
| Zoning | C | ||
| Price | $2,172,800 CAD |
| Price Per Unit | $135,800 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 13,608 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | C004-0016-016 | Improvements Assessment | $536,562 CAD |
| Land Assessment | $60,145 CAD | Total Assessment | $596,708 CAD |
Property Taxes
Parcel Number
C004-0016-016
Land Assessment
$60,145 CAD
Improvements Assessment
$536,562 CAD
Total Assessment
$596,708 CAD
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110 Johnson St
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