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Watercolor Apartments

Listing was updated on: 10/11/2019
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Property Overview

Price/Rent PSF $ 1,200,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 17,304
Date Available 10/11/2019
Additional URL Link
Floors 1
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Description

Location
3 apartment buildings located just off Cedartown Hwy/Hwy 278 on Wheeler Rd in Rockmart

Sale
20 Unit, 3 Building, Single Story Apartment Complex with immediate rental income. 2 buildings offer 7 units each and 1 building has 6 units. Units are 90% leased and occupancy rate appears to be stable. Units have had recent updates in 2018. Each apartment is 2 Bedrooms and 1 Bath and average 865 +- SF. Gravel road access and parking. All buildings are sold "AS IS".
Cap rate 10.66%

Location

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