125 Jones St - Apartments FOR SALE


Blue Ridge, GA 30513
$1,800,000 USD
478-973-5384
125 Jones St, Blue Ridge, GA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

125 Jones St
Blue Ridge, GA 30513


OVERVIEW

The Charles Hawkins Co. is pleased to exclusively present the Blue Ridge Apartments for sale, located at 125 Jones Street, Blue Ridge, GA. This unique multifamily investment opportunity consists of 12 units spread across two buildings and is currently undergoing extensive renovations. To date, eight (8) units have been fully renovated, while four (4) additional units are in the process of renovation. This presents a significant value-add opportunity for investors, with the potential for further improvement and enhanced rental income. The property is ideally located just a short 5-minute walk from downtown Blue Ridge, offering convenient access to a variety of sought- after amenities, including the popular Lake Blue Ridge Recreation Area and other local outdoor attractions. Blue Ridge Apartments represent a compelling opportunity for investors, with strong demand in the area, solid local demographics, and ongoing capital improvements that will drive future value and return on investment. Asking Price: $1,800,000 Units: 12 units across 2 Buildings o Building B (4 Units)–currently under renovation and vacant o Building C (8 Units)–newly renovated with 7/8 units rented Destination: Blueridge has become a popular vacation destination. The city has recently seen a boom in tourists and remote property owners. Airbnb’s and vacation cabins are in high demand. Value-Add: The owner currently pays water and trash. An investor could immediately increase NOI by having tenants pay for these utilities.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

12

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jones St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C3

APN/PARCEL ID

BR05-007

ASK ABOUT THIS PROPERTY

Walker TutenCharles Hawkins Co.More Info
478-973-5384

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Walker TutenCharles Hawkins Co.More Info
478-973-5384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.