Lofts at Chason Park | 223 N Donalson St
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Lofts at Chason Park 223 N Donalson St
21 Unit Apartment Building $4,900,000 ($233,333/Unit) Bainbridge, GA 39817
Investment Highlights
- Beautiful Class A property built in 2023
- Assumable Bond/Loan on the property
- Adjacent $9 million Chason Park expansion
- 10 year tax abatement with over 9 years remaining
- 2.5% expected growth in the next 5 years in Bainbridge
Executive Summary
This investment opportunity offers a brand new luxury community located on the historic Flint River in Bainbridge, Georgia, comprising 21 units priced at $4,900,000. Built in 2023, this property features spacious 1 and 2 bedroom apartments across three floors, with the fourth floor boasting an exclusive rooftop terrace. Each unit
includes a patio or balcony, providing views of either the picturesque Flint River or the newly developed Chason Park, part of the city's $9,000,000 riverfront project. Apartments are designed with modern finishes, granite-like countertops, and stainless steel appliances, ensuring a luxurious living experience. Additional amenities include an elevator for easy access, a gated parking lot, and controlled building access.
Located steps from downtown Bainbridge, residents enjoy convenient access to loc ally owned restaurants, a coffee shop, a brewery, shopping, and an art museum, all within a few blocks. This property's blend of luxury living, strategic location, and modern amenities makes it an attractive investment with potential for strong returns and long-term appreciation in a thriving and revitalized riverfront community.
includes a patio or balcony, providing views of either the picturesque Flint River or the newly developed Chason Park, part of the city's $9,000,000 riverfront project. Apartments are designed with modern finishes, granite-like countertops, and stainless steel appliances, ensuring a luxurious living experience. Additional amenities include an elevator for easy access, a gated parking lot, and controlled building access.
Located steps from downtown Bainbridge, residents enjoy convenient access to loc ally owned restaurants, a coffee shop, a brewery, shopping, and an art museum, all within a few blocks. This property's blend of luxury living, strategic location, and modern amenities makes it an attractive investment with potential for strong returns and long-term appreciation in a thriving and revitalized riverfront community.
Property Facts
| Price | $4,900,000 | Building Class | B |
| Price Per Unit | $233,333 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 29,000 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Apartment Style | Low Rise |
| Price | $4,900,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 29,000 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.79/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Waterfront
- Disposal Chutes
- Grill
- Smoke Free
- Walking/Biking Trails
- Wi-Fi
- Community-Wide WiFi
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 849 |
| 2+2 | 10 | - | 1,015 - 1,269 |
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PROPERTY TAXES
| Parcel Number | B0250-017-000 | Improvements Assessment | $0 |
| Land Assessment | $4,800 | Total Assessment | $4,800 |
PROPERTY TAXES
Parcel Number
B0250-017-000
Land Assessment
$4,800
Improvements Assessment
$0
Total Assessment
$4,800
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Lofts at Chason Park | 223 N Donalson St
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