Richland Apts - Richland, GA 304 Schley Cir 20 Unit Apartment Building $750,000 ($37,500/Unit) Richland, GA 31825
INVESTMENT HIGHLIGHTS
- 20 Units Across 7 Buildings – Diverse layout with strong income potential
- Varied Unit Mix – 1-bedroom, 2-bedroom, and 3-bedroom units to attract a broad tenant base
- Great Investment Potential – Ideal for repositioning and maximizing returns
- Value-Add Opportunity – Property requires renovations, offering potential for increased rental income
- High-Demand Location – Positioned for long-term rental growth
EXECUTIVE SUMMARY
This 20-unit multi-family complex, spread across seven buildings, offers a prime value-add investment opportunity. The property is currently vacant and requires approximately $125,000 in repairs. It consists of six 1-bedroom units, four 2-bedroom units, and ten 3-bedroom units. Previously a government-subsidized property, all former tenants received rent-assisted vouchers upon vacating, with fair market rent values of $865/month for 1-bedrooms, $881/month for 2-bedrooms, and $984/month for 3-bedrooms. Originally purchased with the intent to rehab and hold, we have since acquired other properties and are now selling this complex as-is. The property will be delivered free and clear.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $873.00 | - |
| 2+1 | 4 | $932.50 | - |
| 3+1 | 10 | $984.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $130,792 | |
| Land Assessment | $6,680 | Total Assessment | $137,472 |
