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Old Carrollton Corner 11 Old Carrollton Rd 5 Unit Apartment Building $950,000 ($190,000/Unit) 8.58% Cap Rate Newnan, GA 30263
Investment Highlights
- Corner lot w/ highway frontage. Income producing + future potential to redevelop 24+/- units that could rent weekly, monthly or annually.
Executive Summary
2.1 acre corner lot with frontage on GA Highway 16/US Hwy 27 Alt with 5 separate single family rental homes. It is Zoned R-2 Multifamily Residential District which has an allowable density of up to 12 units per acre with 500 square foot minimum per unit. All utilities available including county sewer. It is directly across the street from the newly opened Dollar General Market. Great proximity to the 832-acre Project Sail campus and the Plant Yates power corridor. While data centers are low-density employers, the surrounding support services and regional economic shift are creating a high-demand "tech-adjacent" housing market in an area historically underserved by high-density residential options.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,332
|
$13.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,332
|
$13.70
|
| Taxes |
$4,108
|
$0.73
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,108
|
$0.73
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $77,332 |
| Annual Per SF | $13.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,332 |
| Annual Per SF | $13.70 |
| Taxes | |
|---|---|
| Annual | $4,108 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,108 |
| Annual Per SF | $0.73 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- High Speed Internet Access
- Porch
Site Amenities
- Tenant Controlled HVAC
- Individual Leases Available
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,200 | 780 |
| 1+1.5 | 5 | $1,200 | 680 |
| 3+2 | 22 | $1,950 | 1,632 - 1,976 |
| 1+1 | 11 | $900.00 | 576 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Contact the Sale Advisor
Old Carrollton Corner | 11 Old Carrollton Rd