This Multifamily Property is Off-Market.

2806 Evergreen Road
Brunswick, GA 31520 ·

7 Units · Multifamily For Sale

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Evergreen Apartments

Price N/A Cap Rate 13%
No. Units 7 Occupancy 100%
Building Size 4,357 SF No. Stories 1
Property Type Multifamily Year Built 1965
Property Sub-type Garden/Low-Rise Lot Size 27,000 SF
Property Use Type Investment
Listing ID: 16039278 Date Created: 12/29/2008 Last Updated: 04/12/2009

Description

100% OCCUPIED! Here's a Cap Rate that makes sense. This 7 unit apartment complex consists of 5 - 2 Bdr. units and 2 - 1 Bdr. units averaging $325 each for a total of $27,000 rental income annually. These apartments are solid; built with brick and concrete block and maintenance free Terrazzo floors. Each unit is metered seperately for water and electric; both of which the tenants pay. I need the equity out of these great rentals and if your looking for the cash flow then it's a WIN-WIN!
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2806 & 2812 Evergreen Road is located in a quiet housing district less than 1 mile from the hospital in Brunswick, GA. It is also located less than 2 minutes away from College of Coastal Georgia - the new 4 year college.

Research

2806 Evergreen Road, Brunswick, GA 31520 (Glynn County)

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