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Hogans Ridge 300 Elm St 24 Unit Apartment Building $6,000,000 ($250,000/Unit) Hogansville, GA 30230
Investment Highlights
- Value Add Investment Property
Executive Summary
Excellent multi-family investment opportunity on the south side of Atlanta, in fast growing Hogansville, GA. Two buildings are turnkey with Health/Safety CO from the state of GA. 24 units complete. Entitled for 228 units. 3 pad ready sites with water and sewer installed. Sites are ready for building 300: 12 one-bedroom units, building 400: 12 two-bedroom units, building 500: 12 two-bedroom units. Quote obtained of approximately $1.22 million for one bedroom building (building 300) and $1.57 million for each two-bedroom building (building 400 and 500). Twelve one bedroom one bath units and twelve two-bedroom two bath units are complete with all kitchen appliances included. Two buildings include tankless electric hot water heaters, geothermal heating & cooling with inside air handlers, spray foam insulation, polished cement floor on main and LVT & tile throughout in units on 2nd and 3rd floors. US Postal units installed. Low maintenance cement siding. City of Hogansville CO has not been obtained. Outstanding erosion control remediation needed along with As-Built completed for building inspection.
Property Facts
| Price | $6,000,000 | Building Class | B |
| Price Per Unit | $250,000 | Lot Size | 18.50 AC |
| Sale Type | Investment | Building Size | 12,810 SF |
| No. Units | 24 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Low-Rise | Parking Ratio | 3.12/1,000 SF |
| Zoning | CR-MR - zoned CR-MR - site plan multi-family. Entitled for 228 units | ||
| Price | $6,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 18.50 AC |
| Building Size | 12,810 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 3.12/1,000 SF |
| Zoning | CR-MR - zoned CR-MR - site plan multi-family. Entitled for 228 units |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,225 | 900 |
| 2+2 | 12 | $1,500 | 1,240 |
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Hogans Ridge | 300 Elm St
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