Log In/Sign Up
Your email has been sent.
120 2nd St 26 Unit Apartment Building $2,400,000 ($92,308/Unit) 9% Cap Rate Winder, GA 30680
INVESTMENT HIGHLIGHTS
- Summary: 4 total buildings, 3 building each with 8 units that are 1bd x 1 bath and 1 duplex with 2 units that are each 2bd x 1 bath.
- Market rents on the 2 bedroom units are $1300 each, with none rented under $1050. Some updates have been completed.
- Market rents on the 1 bedroom units are $1000 each, owner has no units currently rented under $850.
EXECUTIVE SUMMARY
Calling All Investors!!! 26 Unit Rental complex! This quiet apartment community promotes a simple and snug lifestyle. Tenants can walk to parks and local restaurants and shops. The apartments have large living rooms with lots of natural light, buildings also feature metal staircases for easy maintenance. Summary: 4 total buildings, 3 building each with 8 units that are 1bd x 1 bath and 1 duplex with 2 units that are each 2bd x 1 bath. Market rents on the 1 bedroom units are $1000 each, owner has no units currently rented under $850. Market rents on the 2 bedroom units are $1300 each, with none rented under $1050. Some updates have been completed, including 3 complex buildings have updated roofs and new asphalt in parking area.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $92,308 | Lot Size | 1.96 AC |
| Sale Type | Investment | Building Size | 29,538 SF |
| Cap Rate | 9% | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Zoning | 002 | ||
| Price | $2,400,000 |
| Price Per Unit | $92,308 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 29,538 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2024 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | 002 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $1,150 | 408 - 950 |
| 2+1 | 2 | $1,325 | 900 |
1 1
PROPERTY TAXES
| Parcel Number | WN21E-039 | Total Assessment | $205,722 (2024) |
| Land Assessment | $44,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $161,722 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
WN21E-039
Land Assessment
$44,000 (2024)
Improvements Assessment
$161,722 (2024)
Total Assessment
$205,722 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 38
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
120 2nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.