Log In/Sign Up
Your email has been sent.
Preston Court Townhomes 878 Hospital Rd 10 Unit Apartment Building $3,007,268 CAD ($300,727 CAD/Unit) Commerce, GA 30529
Executive Summary
We expect this unique BTR-style townhome asset to trade around $220k/unit, however, this is a fully marketed deal that will go through a formal CFO and bid matrix. Please do not call to ask if the price is negotiable, the highest offers will go to the Best and Final round.
AVAILABLE IN CONJUNCTION WITH PARK OAKS https://www.loopnet.com/Listing/100-202-Oak-Bluff-Dr-Athens-GA/40279133/
All DD/Financials are available for download from the Data room.
Commerce has one of the lowest housing supplies in all of GA due to strict zoning regulations. Additionally, Commerce is in the 2nd fastest growing county in GA and the 12th wealthiest.
Preston Court offers all 1,622 SF - 3BD/3BA – Townhome units. The subject’s floorplans are far larger than any workforce properties in the area, and our square footage is on par with the new BTR product in the market.
Third party management is already in place with a 7% management fee model. They do not charge payroll.
Preston Court
-Built: 2002
-Avg. Unit SF: 1,622
-Occupancy: 100%
-Most Recent Lease $101 Above In-Place (Without Renovation)
-Gated Community
-Trails 3BR BTR Product by $639
-Opportunity to Close BTR Gap with Renovations
AVAILABLE IN CONJUNCTION WITH PARK OAKS https://www.loopnet.com/Listing/100-202-Oak-Bluff-Dr-Athens-GA/40279133/
All DD/Financials are available for download from the Data room.
Commerce has one of the lowest housing supplies in all of GA due to strict zoning regulations. Additionally, Commerce is in the 2nd fastest growing county in GA and the 12th wealthiest.
Preston Court offers all 1,622 SF - 3BD/3BA – Townhome units. The subject’s floorplans are far larger than any workforce properties in the area, and our square footage is on par with the new BTR product in the market.
Third party management is already in place with a 7% management fee model. They do not charge payroll.
Preston Court
-Built: 2002
-Avg. Unit SF: 1,622
-Occupancy: 100%
-Most Recent Lease $101 Above In-Place (Without Renovation)
-Gated Community
-Trails 3BR BTR Product by $639
-Opportunity to Close BTR Gap with Renovations
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $3,007,268 CAD | Building Class | B |
| Price Per Unit | $300,727 CAD | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 16,430 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Zoning | RESIDENTIA | ||
| Price | $3,007,268 CAD |
| Price Per Unit | $300,727 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 16,430 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2002 |
| Zoning | RESIDENTIA |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 10 | $2,167 CAD | 1,622 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 021-003C | Improvements Assessment | $721,041 CAD |
| Land Assessment | $41,030 CAD | Total Assessment | $762,071 CAD |
Property Taxes
Parcel Number
021-003C
Land Assessment
$41,030 CAD
Improvements Assessment
$721,041 CAD
Total Assessment
$762,071 CAD
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Preston Court Townhomes | 878 Hospital Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.