Belle Crest Town Houses | 513 Toombs St
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Belle Crest Town Houses 513 Toombs St
10 Unit Apartment Building $1,195,000 ($119,500/Unit) Palmetto, GA 30268
Investment Highlights
- All Brick Exterior
- New Roof May 2024
- All Units 2 Bedroom 1.5 Baths
- Income generating multi-family property for sale in Palmetto, GA.
Executive Summary
Don't miss a chance to get this 10-unit all brick complex. 9-units occupied, with 1-unit held vacant at last move-out for showing purposes. Minor repairs have been completed on all the units, with a new roof installed in late May 2024. This is a value-add property. As units turn, new owner can complete renovations and increase rents. 1 unit is currently paying market rate with room for significant increases on all 9 remaining units.
Property Facts Under Contract
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $119,500 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 14,156 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,195,000 |
| Price Per Unit | $119,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 14,156 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.27/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Carpet
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 07-3506-0062-022-7 | Improvements Assessment | $126,200 |
| Land Assessment | $100,000 | Total Assessment | $226,200 |
PROPERTY TAXES
Parcel Number
07-3506-0062-022-7
Land Assessment
$100,000
Improvements Assessment
$126,200
Total Assessment
$226,200
zoning
| Zoning Code | R2, Palmetto (Residential) |
| R2, Palmetto (Residential) |
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Belle Crest Town Houses | 513 Toombs St
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