PRICE : | $16,000,000 |
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CAP RATE: | 5.6% |
PROPERTY TYPE: | Multifamily |
UNITS: | 203 |
Opportunity to acquire two, Class "B", fully-occupied, well-maintained, operationally "turn key," market rent apartment communities in Dublin, GA with below market rents in a market with virtually no vacancies. Offered at 5.2% cap rate on actual, 5.6% cap rate on Year 1.
The two properties total 203 units and are 2.2 miles apart located along a major transportation corridor that connects the 2nd busiest seaport on the East Coast - fastest growing nationally - to the rest of the country. Rents demonstrably 29% below market with the largest 2 & 3-bedroom units in the market. Includes land sufficient to build 60 or more units in Opportunity Zone.
ARRANGE ALL PROPERTY TOURS WITH BULL REALTY. DO NOT DISTURB TENANTS.