2507 Rex Rd - Apartments FOR SALE
Ellenwood, GA 30294 |
$5,700,000 USD
404-445-1090
2507 Rex Rd
Ellenwood, GA 30294
HIGHLIGHTS
- Current Avg Rent: $1,208 | Market Stabilized Avg Rent: $1,357
- Current Tax-Adjusted Cap Rate: 6.50% | Stabilized Cap Rate: 8.70%
- Consists of 4% 1 Bedrooms, 65% 2 Bedrooms, and 31% 3 Bedrooms.
- There are 12 units with Basements – Square Footage is not calculated into the total SF or the unit SF since it is below ground
- Density: 6.7 Units/AC
FOR SALE DETAILS
PRICE
$5,700,000 USD
PRICE/SF
$89 USD /SF
# OF UNITS
60
PRICE/UNIT
$95,000
CAP RATE
6.5%
% LEASED
93%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Spivey Crossing Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1974
PARKING SPACES
120
LAND DETAILS
LAND ACRES
8.95 AC
LAND SF
389,862 SF
ZONING
RM C3
APN/PARCEL ID
12-0149C-00A-003
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404-445-1090
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404-445-1090
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