2507 Rex Rd | Ellenwood, GA 30294
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- LoopNet Team
2507 Rex Rd
Ellenwood, GA 30294
Spivey Crossing Apartments · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- Current Avg Rent: $1,208 | Market Stabilized Avg Rent: $1,357
- Consists of 4% 1 Bedrooms, 65% 2 Bedrooms, and 31% 3 Bedrooms.
- Density: 6.7 Units/AC
- Current Tax-Adjusted Cap Rate: 6.50% | Stabilized Cap Rate: 8.70%
- There are 12 units with Basements – Square Footage is not calculated into the total SF or the unit SF since it is below ground
PROPERTY FACTS
| No. Units | 60 | Building Size | 64,350 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1974/2018 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 8.95 AC | ||
| Zoning | RM C3 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.95 AC |
| Building Size | 64,350 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2018 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | RM C3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 800 |
| 2+1 | 34 | - | 950 |
| 2+1.5 | 6 | - | 1,250 |
| 3+1.5 | 17 | - | 1,250 |
PROPERTY TAXES
| Parcel Number | 12-0149C-00A-003 | Improvements Assessment | $1,678,960 |
| Land Assessment | $220,240 | Total Assessment | $1,899,200 |
PROPERTY TAXES
Parcel Number
12-0149C-00A-003
Land Assessment
$220,240
Improvements Assessment
$1,678,960
Total Assessment
$1,899,200
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