This listing is actually for 3 different complexes located in Calhoun. 168 total bedrooms. Very detailed financials available for qualified buyers. CAP rate is between 8.5-10% depending on variables including price. Occupancy is between 97-100% for each location w/ substantial waiting list. NO deferred main. Units are in excellent cond. both structurally & cosmetically. Renovations were done with long term ownership in mind. Seller will stay on & manage the units for 6 months at no charge, then another 6 months for 6% of gross. Fee after that is negotiable. Mgemnt. & main. personnel can stay on as desired by buyer. DO NOT bother tenants!
- Price:
- $8,500,000
- Bedrooms:
- 99
- Full Baths:
- 96
- Half Baths:
- 88
- Square Footage:
- 101,616
- Acreage:
- 25.51
- Listing ID #:
- 114131
- Street Address:
- 465 W Red Bud Road
- City:
- Calhoun
- State:
- Georgia
- Postal Code:
- 30701
- County:
- Gordon
- Community:
- 12-Gordon Co
- Subdivision:
- None
- Listing Status:
- Under Contract
- Listing Type:
- Combination
3-5
1050 students
17 student/teacher
6-8
950 students
17 student/teacher
9-12
1170 students
15 student/teacher
- Exterior Features:
- Other-See Remarks
- Flooring:
- Carpet, Laminate, Ceramic Tile, Vinyl, Other-See Remarks
- Interior Features:
- Cable Tv Available, Other-See Remarks, Laundry-Closet, Ceiling Fan(s), Cable Tv, Smoke Detector, Water Heater-Electric
- Number Of Units:
- 96
- Siding:
- Aluminum Siding, Hardiplank Type, Brick
- Square Footage Source:
- Owner
- Stories:
- 2
- Style:
- 3+ Sites Possible - Residential, Other-See Remarks, 3+ Buildings
- Total # Of Buildings:
- 10
- Total Building Square Footage:
- 101616
- Type Of Roof:
- Architectural, Metal
- Unit1 Bedrooms:
- 2
- Unit1 Full Bathrooms:
- 1
- Unit1 Half Bathrooms:
- 2
- Unit2 Bedrooms:
- 2
- Unit2 Full Bathrooms:
- 1
- Unit2 Half Bathrooms:
- 2
- Unit3 Bedrooms:
- 2
- Unit3 Full Bathrooms:
- 1
- Unit3 Half Bathrooms:
- 2
- Unit4 Bedrooms:
- 2
- Unit4 Full Bathrooms:
- 1
- Unit4 Half Bathrooms:
- 2
- Unit5 Bedrooms:
- 2
- Unit5 Full Bathrooms:
- 1
- Unit5 Half Bathrooms:
- 2
- Unit6 Bedrooms:
- 2
- Unit6 Full Bathrooms:
- 1
- Unit6 Half Bathrooms:
- 2
- Windows:
- Other Windows-See Remarks
- Conforms To Zoning:
- Res Hd
- Lot Number:
- 00
- Lot Size:
- 25-50 Acres
- Lot Size Source:
- Owner
- Terms:
- 1031 Exchange, Variable Rate Commission %
- Tax Year:
- 2017
- Unit 1 Monthly Rent:
- 650
- Unit 2 Monthly Rent:
- 433
- Unit 3 Monthly Rent:
- 433
- Unit 4 Monthly Rent:
- 650
- Unit 5 Monthly Rent:
- 575
- Attic Present:
- Access Hatch, Other-See Remarks
- Kitchen:
- Other Kitchen-See Remarks, Breakfast Area, Breakfast Bar
- Other Rooms:
- Other-See Remarks
- Driveway:
- Gravel, Asphalt, Concrete
- Parking Description:
- None, Carport - 1 Car
- Appliances:
- Vent Hood, Dishwasher, Oven/Range, Refrigerator
- Existing Water:
- Public
- Heating Fuel:
- Central, Heat Pump
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By RE/MAX Select Realty
