1263 Blount Crossing Rd SE - Apartments FOR SALE


Darien, GA 31305
$1,800,000 USD
843-952-2295
1263 Blount Crossing Rd SE, Darien, GA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/4
null | 6.86% Cap Rate

1263 Blount Crossing Rd SE
Darien, GA 31305


HIGHLIGHTS

  • Emerging Job Market
  • Extended Use Period Expires 2033
  • Located 20 Miles From Downtown Brunswick

OVERVIEW

Marcus & Millichap is pleased to present Blount Crossing Apartments. Conveniently located in the City of Darien, off Highway 17, 2 miles from the Darien River and 20 miles from downtown Brunswick. Consisting of 26 2-Bed 1-Baths, 12 3-Bed 2-Baths, and 2 1-Bed 1-Bath. This 40-unit property provides residents with an affordable option combined with modern interiors in an emerging job market. Blount Crossing has the option to go through the qualified contract policy to be released from its extended use period. The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$36 USD /SF

# OF UNITS

40

PRICE/UNIT

$45,000

CAP RATE

6.86%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blount Crossing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13 AC

LAND SF

179,903 SF

ZONING

007

APN/PARCEL ID

0053A-0008

ASK ABOUT THIS PROPERTY

Price BrazzelMarcus & MillichapMore Info
843-952-2295

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Price BrazzelMarcus & MillichapMore Info
843-952-2295

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