223 N Donalson St - Apartments FOR SALE


Bainbridge, GA 39817
$4,900,000 USD
678-808-2715
223 N Donalson St, Bainbridge, GA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

223 N Donalson St
Bainbridge, GA 39817


HIGHLIGHTS

  • Beautiful Class A property built in 2023
  • 10 year tax abatement with over 9 years remaining
  • Assumable Bond/Loan on the property
  • 2.5% expected growth in the next 5 years in Bainbridge
  • Adjacent $9 million Chason Park expansion

OVERVIEW

This investment opportunity offers a brand new luxury community located on the historic Flint River in Bainbridge, Georgia, comprising 21 units priced at $4,900,000. Built in 2023, this property features spacious 1 and 2 bedroom apartments across three floors, with the fourth floor boasting an exclusive rooftop terrace. Each unit includes a patio or balcony, providing views of either the picturesque Flint River or the newly developed Chason Park, part of the city's $9,000,000 riverfront project. Apartments are designed with modern finishes, granite-like countertops, and stainless steel appliances, ensuring a luxurious living experience. Additional amenities include an elevator for easy access, a gated parking lot, and controlled building access. Located steps from downtown Bainbridge, residents enjoy convenient access to loc ally owned restaurants, a coffee shop, a brewery, shopping, and an art museum, all within a few blocks. This property's blend of luxury living, strategic location, and modern amenities makes it an attractive investment with potential for strong returns and long-term appreciation in a thriving and revitalized riverfront community.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

21

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at Chason Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

B0250-017-000

ASK ABOUT THIS PROPERTY

Joe MitchellMarcus & MillichapMore Info
678-808-2715

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Joe MitchellMarcus & MillichapMore Info
678-808-2715

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