Historical Multifamily Sale Listing - Evergreen Apartments

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Evergreen Apartments

2806 Evergreen Road, Brunswick, GA 31520

N/A

7 Units | Multifamily

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Multifamily Property - Off Market

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

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.

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

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