141 W Baldwin St | Milledgeville, GA 31061
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141 W Baldwin St
Milledgeville, GA 31061
The Haven · Multifamily Property For Sale · 37 Units
Investment Highlights
- 7.5% Cap Rate with assumable non-recourse debt with Fannie at 4.47% that matures August 2029
- Under rented by over $317/ bed on their 2BR and $124/ bed on their 3BR floor plans
- GCSU and GMC combine for 9,311 students
- 94% Occupied and 98.8% Pre-Leased for AY 24-25 with average rents at $672/ bed
- GCSU had their largest freshman class of 1,830 students which was a 17% increase from AY 22-23 bringing total enrollment to 6,811 students
- Only 3 blocks from GCSU and 2 blocks from Downtown Milledgeville
PROPERTY FACTS
| No. Units | 37 | Lot Size | 0.58 AC |
| Property Type | Multifamily | Building Size | 50,640 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Townhome | No. Stories | 2 |
| Building Class | C | Year Built | 2006 |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 50,640 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 2006 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Refrigerator
- Tub/Shower
- Carpet
- Wi-Fi
- Dining Room
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 29 | $1,348 | 1,200 |
| 3+3.5 | 8 | $2,022 | 1,980 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,627,140 | |
| Land Assessment | $97,660 | Total Assessment | $1,724,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$97,660
Improvements Assessment
$1,627,140
Total Assessment
$1,724,800
zoning
| Zoning Code | RESIDENTIAl (multifamily) |
| RESIDENTIAl (multifamily) |
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