605 W 10th Street | 605 W 10th St
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605 W 10th Street 605 W 10th St
9 Unit Apartment Building $3,300,000 ($366,667/Unit) 6% Cap Rate West Point, GA 31833
Investment Highlights
- NNN Long-term lease to single user
Executive Summary
New 9 unit student housing town home complex in downtown West Point, Ga. 7 - 4 bedroom/ 2.5 bath units with washer/dryer closet, dining area, sitting area, and kitchen. 2 - 5 bedroom/3.5 bath units with washer/dryer closet, dining area, sitting area, and kitchen. The 5th bed and 3rd bath in these units are handicap rooms. NNN lease with the university. Ample parking spaces with designated parking for the units with handicap rooms. Contact Joel Upchurch - 706.523.1702 or Morgan Marlowe 706.315.8260 for more information.
Property Facts Under Contract
| Price | $3,300,000 | Apartment Style | Townhome |
| Price Per Unit | $366,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 6% | Building Size | 16,000 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $3,300,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 16,000 SF |
| No. Stories | 2 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 7 | - | - |
| 5+3.5 | 2 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $33,120 | |
| Land Assessment | $103,000 | Total Assessment | $136,120 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$103,000
Improvements Assessment
$33,120
Total Assessment
$136,120
zoning
| Zoning Code | 17-R1 (Multi Family High Density) |
| 17-R1 (Multi Family High Density) |
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605 W 10th Street | 605 W 10th St
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