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120 Louise St
Swainsboro, GA 30401
Pine Terrace Villas · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 12.55 AC |
| Property Type | Multifamily | Building Size | 29,888 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2002 |
| Building Class | C | ||
| Zoning | RURAL | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 12.55 AC |
| Building Size | 29,888 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Zoning | RURAL |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Picnic Area
ABOUT 120 LOUISE ST , SWAINSBORO, GA 30401
Nicest apartment complex in town. Property is recently under new managmnet which is starting to raise rents on renewals. Property has maintained 100% occupancy for the last 4 months since new managment company took over. Rent increases on renewals are going to $700 and on new leases to $725. On next round of renewals all leases will go to $725 and new leases at $750. $750 is market rate and close to top of the market for these apartments. 8 units per building. 3 buildings. 4 per floor all flats no townhouse units. Setup is ideal for students even though only 20-25% of occupants are students at the local college. Industry in the area is strong and has steady growth resulting in demand for more affordable rental housing. Site has 2 pads in place with infrastructure ready for 2 more buildings to be built for an additional 16 units. Extra land is included across the street but included in the 12.55 acres previously mentioned. Excellent residential location close to city center with retail and industry. Apartments are also close to town square and park recreational area as well as the area athletic complex.
PROPERTY TAXES
| Parcel Number | 077-023 | Improvements Assessment | $628,715 |
| Land Assessment | $25,100 | Total Assessment | $653,815 |
PROPERTY TAXES
