713 Old Coffee Road, Nashville GA 31639 124787
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Cypress Woods - a rare value-add opportunity for a multi-family complex in Nashville, GA. Four buildings - Sixteen 2BR/1BA flat units each w/ same 784 sf floorplan and individually metered for power. Water/sewer/trash included in the rent. Efficient design includes big BRs & closets. Real wood exteriors recently repainted and new roofs in 2019 (Tamko w/ 25 yr warranty) to minimize upkeep going forward. 3.76 acres with a serene pond on site allows residents / guests to enjoy the view and greenspace and take pride in this complex! Potential to add units to increase density. 8 of 16 units remodeled in past 12 months with new LVP flooring, paint, fixtures, etc pushing rents up to $595/unit as Nashville has limited options for apartment complexes like this landmark property. 9.15% proforma cap rate at $595 monthly rents - 40% operating expense factor. Rent roll and financials in documents.
Listing Provided By FIRST COMMERCIAL REAL ESTATE