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212 Old Belwood Rd
Calhoun, GA 30701
Belwood Apartments | 46 Units · Multifamily Property For Sale
·
46 Units
PROPERTY FACTS
| No. Units | 46 | Building Size | 33,454 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2018 |
| Building Class | C | Parking Ratio | 2.63/1,000 SF |
| Lot Size | 2.00 AC | ||
| Zoning | C-3 | ||
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 33,454 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2018 |
| Parking Ratio | 2.63/1,000 SF |
| Zoning | C-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Security System
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Den
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
ABOUT 212 OLD BELWOOD RD , CALHOUN, GA 30701
Opportunity to acquire an architectural gem - 46 unit workforce, Class B apartment community located in the midst of a booming manufacturing, distribution, and transportation district offering 9.2% cap rate plus upside. This value-add opportunity presents strong upside potential to increase rents via inexpensive cosmetic work and even more upside with remodeling. * Average cap rates of sales comps is 5.6% * Located within 3 miles of 9,000 workforce jobs * Strong market for one bedroom units - 4% average vacancy in sub-market ARRANGE ALL PROPERTY VISITS WITH BULL REALTY DO NOT DISTURB THE TENANTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 46 | $690.00 | 525 - 540 |
PROPERTY TAXES
| Parcel Number | C59-008 | Improvements Assessment | $737,760 |
| Land Assessment | $50,400 | Total Assessment | $788,160 |
PROPERTY TAXES
