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Alpine Lofts 202 Narr Weg 8 Unit Apartment Building $2,850,000 ($356,250/Unit) Helen, GA 30545
EXECUTIVE SUMMARY
Prime Investment Opportunity in the Heart of Helen, GA!
Welcome to 202 & 210 Narr Weg – a rare and highly sought-after dual-building portfolio located just steps from the charm and bustle of downtown Helen. This turnkey property features 8 fully furnished, one-bedroom residential lofts – each offering a spacious living area, full kitchen, and modern bath, ideal for short-term vacation rentals. Additionally, the property includes 4 fully leased commercial units, providing steady long-term income from established tenants. Built within the last three years, both buildings boast contemporary construction, low maintenance. Whether you're expanding your portfolio or looking for a lucrative investment in one of Georgia’s top tourist destinations, this offering checks every box. Own the best of both worlds – commercial stability and vacation rental upside – all in one package.
Welcome to 202 & 210 Narr Weg – a rare and highly sought-after dual-building portfolio located just steps from the charm and bustle of downtown Helen. This turnkey property features 8 fully furnished, one-bedroom residential lofts – each offering a spacious living area, full kitchen, and modern bath, ideal for short-term vacation rentals. Additionally, the property includes 4 fully leased commercial units, providing steady long-term income from established tenants. Built within the last three years, both buildings boast contemporary construction, low maintenance. Whether you're expanding your portfolio or looking for a lucrative investment in one of Georgia’s top tourist destinations, this offering checks every box. Own the best of both worlds – commercial stability and vacation rental upside – all in one package.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,850,000 | Property Subtype | Apartment |
| Price Per Unit | $356,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.09 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 9,600 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Zoning | C2 - Zoned commercial and residential C2 | ||
| Price | $2,850,000 |
| Price Per Unit | $356,250 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 9,600 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | C2 - Zoned commercial and residential C2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Wheelchair Accessible
- Trash Pickup - Curbside
- Walk-Up
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PROPERTY TAXES
| Parcel Number | H04C-151 | Improvements Assessment | $845,612 |
| Land Assessment | $125,400 | Total Assessment | $971,012 |
PROPERTY TAXES
Parcel Number
H04C-151
Land Assessment
$125,400
Improvements Assessment
$845,612
Total Assessment
$971,012
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Presented by
The Realty Group Adin Baban and Associates, LLC
Alpine Lofts | 202 Narr Weg
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