Cherokee Court Apartments | 393 Stone Mountain St
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Cherokee Court Apartments 393 Stone Mountain St
4 Unit Apartment Building $825,000 ($206,250/Unit) 6.70% Cap Rate Lawrenceville, GA 30046
Investment Highlights
- A quiet and convenient location with easy access to local shops, public transportation, and major highways.
- Off-street parking in the private driveway.
- Bright living rooms, dining areas, and fully equipped kitchens.
- Well-maintained two-story building featuring 4 individual apartments.
Executive Summary
Discover this well-maintained two-story building featuring 4 individual apartments, each offering:
? 2 spacious bedrooms
? 1 full bathroom
? Bright living rooms, dining areas, and fully equipped kitchens
This property offers:
?? Off-street parking in the private driveway
?? A quiet and convenient location with easy access to local shops, public transportation, and major highways
? 2 spacious bedrooms
? 1 full bathroom
? Bright living rooms, dining areas, and fully equipped kitchens
This property offers:
?? Off-street parking in the private driveway
?? A quiet and convenient location with easy access to local shops, public transportation, and major highways
Property Facts
| Price | $825,000 | Building Class | C |
| Price Per Unit | $206,250 | Lot Size | 6.86 AC |
| Sale Type | Investment | Building Size | 86,400 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Apartment Style | Garden |
| Price | $825,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.86 AC |
| Building Size | 86,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.39/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 60 | $1,200 | 950 |
| 2+2 | 28 | - | 1,050 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,072,560 | |
| Land Assessment | $107,520 | Total Assessment | $1,180,080 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$107,520
Improvements Assessment
$1,072,560
Total Assessment
$1,180,080
zoning
| Zoning Code | RM, County (The owner also has a second quadruplex for sale at 3282 Highpoint Ct with similar features and income potential.) |
| RM, County (The owner also has a second quadruplex for sale at 3282 Highpoint Ct with similar features and income potential.) |
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Cherokee Court Apartments | 393 Stone Mountain St
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