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103-109 Shiloh Ave SW 9 Unit Apartment Building $440,000 ($48,889/Unit) 2.73% Cap Rate Milledgeville, GA 31061
Executive Summary
Located at 103–109 Shiloh Avenue in Milledgeville, this 8-unit brick multifamily property offers an opportunity for an investor looking to acquire and improve an income-producing asset. The property sits on approximately 0.72 acres and consists of nine 2-bedroom, 1-bath units.
The property is currently approximately 66% occupied, providing immediate rental income along with significant potential to increase revenue through leasing the remaining units, renovations, and future rent adjustments.
The property is being offered AS-IS, making it well suited for an investor seeking a value-add multifamily opportunity. Its brick construction, existing tenant base, and potential for increased occupancy provide multiple avenues for improving the property's performance.
The property is currently approximately 66% occupied, providing immediate rental income along with significant potential to increase revenue through leasing the remaining units, renovations, and future rent adjustments.
The property is being offered AS-IS, making it well suited for an investor seeking a value-add multifamily opportunity. Its brick construction, existing tenant base, and potential for increased occupancy provide multiple avenues for improving the property's performance.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | M05-033 | Improvements Assessment | $66,324 |
| Land Assessment | $1,728 | Total Assessment | $68,052 |
Property Taxes
Parcel Number
M05-033
Land Assessment
$1,728
Improvements Assessment
$66,324
Total Assessment
$68,052
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103-109 Shiloh Ave SW