Villages at Cardinal Corner | 1317 1st St
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Villages at Cardinal Corner 1317 1st St
17 Unit Apartment Building $2,499,900 ($147,053/Unit) 7.65% Cap Rate Dudley, GA 31022
Investment Highlights
- Close to I-16 as well Northwest Laurens Elementary School
- This community is fully leased
- All units are all furnished with stainless steel appliances, washer dryer and modern, resilient flooring
Executive Summary
The Villages at Cardinal Corners is a stellar opportunity as a fully leased, newly built community! The collection offers 17 individual apartments on 2 city blocks in Dudley, conveniently located near the city center. Fourteen 2/2 units, two 3/2 units, and one 1/1 unit . Impressive rent roll, and the oldest units are less than 5 years old. Newest units were finished early 2023. Pictured unit is one of the first built, and is 3/2 floorplan.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $2,499,900 | Apartment Style | Single Family Home |
| Price Per Unit | $147,053 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.17 AC |
| Cap Rate | 7.65% | Building Size | 18,136 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2020/2023 |
| Property Subtype | Apartment |
| Price | $2,499,900 |
| Price Per Unit | $147,053 |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | B |
| Lot Size | 1.17 AC |
| Building Size | 18,136 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2023 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Lawn
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Wheelchair Accessible
- Walking/Biking Trails
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | $1,250 | 1,070 |
| 3+2 | 2 | $1,350 | 1,178 |
| 1+1 | 1 | $850.00 | 800 |
zoning
| Zoning Code | R (Residential) |
| R (Residential) |
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Chelle Realty, LLC
Villages at Cardinal Corner | 1317 1st St
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