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55 Nottingham Trl
Toccoa, GA 30577
Nottingham Apartments · Multifamily Property For Sale · 16 Units

INVESTMENT HIGHLIGHTS

  • Current ownership has invested in interior and exterior improvements, increasing rents by over 10% since 2021 with more room to increase rents.
  • Opportunity for exterior improvements including new windows, paint, amenities, and roofs.
  • Ability to modernize 14 units to enable rent premiums. Comparables are leasing at $1,200+/mo for 2-bedroom units and $1,000+/mo for 1-bedroom units.
  • Property is situated on over 4 acres of land, leaving ample room for potential development of additional buildings.

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.01 AC
Building Size 13,200 SF
Average Occupancy 100%
No. Stories 2
Year Built 1989
Parking Ratio 2.12/1,000 SF
Zoning C - Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tub/Shower
  • Deck
  • Den
  • Dining Room
  • Patio

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - 650 - 700
2+1 1 - 700 - 750
2+1.5 11 - 900 - 950

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
T07-039
Land Assessment
$14,931
Improvements Assessment
$243,502
Total Assessment
$258,433
  • Listing ID: 31221866

  • Date on Market: 3/14/2024

  • Last Updated:

  • Address: 55 Nottingham Trl, Toccoa, GA 30577

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