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Hidden Creek Apartments 95 Wanda Dr 48 Unit Apartment Building $6,000,000 ($125,000/Unit) 5% Cap Rate Cleveland, GA 30528
Investment Highlights
- Well maintained fully rented
- Assumable FNMA 5.24
- Continuous upgrades
Executive Summary
10 bldgs and lots 4,5,6,10,11, and 12 of Briarwood 2 subdivision
Addresses
114 Wanda
95 Wanda
77 Bertha
44 Bertha
87 Bertha
Addresses
114 Wanda
95 Wanda
77 Bertha
44 Bertha
87 Bertha
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$475,000
|
$9.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,000
|
$0.16
|
| Effective Gross Income |
$467,000
|
$9.47
|
| Taxes |
$21,000
|
$0.43
|
| Operating Expenses |
$50,000
|
$1.01
|
| Total Expenses |
$71,000
|
$1.44
|
| Net Operating Income |
$396,000
|
$8.03
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $475,000 |
| Annual Per SF | $9.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $8,000 |
| Annual Per SF | $0.16 |
| Effective Gross Income | |
|---|---|
| Annual | $467,000 |
| Annual Per SF | $9.47 |
| Taxes | |
|---|---|
| Annual | $21,000 |
| Annual Per SF | $0.43 |
| Operating Expenses | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $1.01 |
| Total Expenses | |
|---|---|
| Annual | $71,000 |
| Annual Per SF | $1.44 |
| Net Operating Income | |
|---|---|
| Annual | $396,000 |
| Annual Per SF | $8.03 |
Property Facts
| Price | $6,000,000 | Apartment Style | Garden |
| Price Per Unit | $125,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 5.53 AC |
| Cap Rate | 5% | Building Size | 56,032 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1998/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.6/1,000 SF |
| Zoning | R4 - up to 12 units on one acre, 6 for half acre multifamily | ||
| Price | $6,000,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.53 AC |
| Building Size | 56,032 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2019 |
| Parking Ratio | 2.6/1,000 SF |
| Zoning | R4 - up to 12 units on one acre, 6 for half acre multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Range
- Double Pane Windows
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 28 | $950.00 | 950 |
| 3+2 | 6 | $1,100 | 1,000 |
| 1+1 | 14 | $800.00 | 700 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $610,180 | |
| Land Assessment | $60,000 | Annual Taxes | $21,000 ($0.37/SF) |
| Improvements Assessment | $550,180 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$60,000
Improvements Assessment
$550,180
Total Assessment
$610,180
Annual Taxes
$21,000 ($0.37/SF)
Tax Year
2025
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Videos
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Photos
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Presented by
Hiddencreek Apts LLC
Hidden Creek Apartments | 95 Wanda Dr
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