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AI Carrollton Walk 227 Brumbelow Rd 49 Unit Apartment Building $6,600,000 ($134,694/Unit) 6.30% Cap Rate Carrollton, GA 30117
INVESTMENT HIGHLIGHTS
- 100% classic units providing a wide-open value-add play. $350 below renovated competitor
- Adjacent to Carrollton Greenbelt - the longest paved loop in Georgia
- Highly amenitized asset with pool, cabana, grilling station, etc
- Located in desirable Carroll County with strong economy, school system and surrounding demographics
- Recent leases outpace rent roll by 4.1%
EXECUTIVE SUMMARY
All DD materials must be downloaded from the data room
No seller financing
Offers more than 5% from asking price will not be considered
Unless marked as "under contract" or "sold" the property is still available
Wide open value-add opportunity with rents trailing across-the-street competitor by $350
Located in the highly desirable Caroll County with a housing moratorium, strong school system, diverse economy, and strong surrounding demographics
Adjacent to Carrollton Greenbelt, the longest paved loop in Georgia
No seller financing
Offers more than 5% from asking price will not be considered
Unless marked as "under contract" or "sold" the property is still available
Wide open value-add opportunity with rents trailing across-the-street competitor by $350
Located in the highly desirable Caroll County with a housing moratorium, strong school system, diverse economy, and strong surrounding demographics
Adjacent to Carrollton Greenbelt, the longest paved loop in Georgia
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
PROPERTY FACTS
| Price | $6,600,000 | Building Class | B |
| Price Per Unit | $134,694 | Lot Size | 9.90 AC |
| Sale Type | Investment | Building Size | 62,965 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| No. Units | 49 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.94/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R3 - Residential | ||
| Price | $6,600,000 |
| Price Per Unit | $134,694 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.90 AC |
| Building Size | 62,965 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 2.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Kitchen
- Wi-Fi
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Basketball Court
- Cabana
- Grill
- Volleyball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 36 | - | 1,284 |
| 4+2 | 12 | - | 1,284 |
| 2+2 | 1 | - | 1,284 |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,742,972 | |
| Land Assessment | $110,925 | Total Assessment | $1,853,897 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$110,925
Improvements Assessment
$1,742,972
Total Assessment
$1,853,897
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AI Carrollton Walk | 227 Brumbelow Rd
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