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St. Phillip Villas 829 N Hill St 60 Unit Apartment Building $10,896,918 CAD ($181,615 CAD/Unit) 8.29% Cap Rate Griffin, GA 30223
Investment Highlights
- 60-unit garden-style community with 95% occupancy and large avg unit size of ±1,176 SF
- 23 units fully upgraded; 11 units partially upgraded with LVP flooring and new appliances
- No Affordable Housing restrictions; water/sewer bill-back system in place
- Mark-to-market upside: current avg rent $1,228 vs. market rent of $1,338 per unit
- Brand new Pickleball Court, Gazebo, Fire Pit, Outdoor Grilling area & Playground
- ±40 miles south of Atlanta with access to major employment, healthcare, and education nodes
Executive Summary
Broker Of Record
Maxx Bauman
Matthews Real Estate Investment Services, Inc
451849, 80041 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305 (866) 889-0550
Maxx Bauman
Matthews Real Estate Investment Services, Inc
451849, 80041 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305 (866) 889-0550
Property Facts
| Price | $10,896,918 CAD | Apartment Style | Garden |
| Price Per Unit | $181,615 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 5.98 AC |
| Cap Rate | 8.29% | Building Size | 70,575 SF |
| Gross Rent Multiplier | 8.1 | Average Occupancy | 93% |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2001 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | HDR-B | ||
| Price | $10,896,918 CAD |
| Price Per Unit | $181,615 CAD |
| Sale Type | Investment |
| Cap Rate | 8.29% |
| Gross Rent Multiplier | 8.1 |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.98 AC |
| Building Size | 70,575 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 2001 |
| Opportunity Zone |
Yes |
| Zoning | HDR-B |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 002-18-010 | Improvements Assessment | $2,755,265 CAD |
| Land Assessment | $173,038 CAD | Total Assessment | $2,928,303 CAD |
Property Taxes
Parcel Number
002-18-010
Land Assessment
$173,038 CAD
Improvements Assessment
$2,755,265 CAD
Total Assessment
$2,928,303 CAD
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St. Phillip Villas | 829 N Hill St
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