Newnan MF Portfolio
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Newnan MF Portfolio
2 Multifamily Properties Offered at $1,650,000 in Newnan, GA
Investment Highlights
- 0% Vacant
- $165,000 Price/Unit
- 6.5% Cap Rate
- 1.65M Sale Price
- 10 Units
- 8,749 Square Feet
Executive Summary
Lee & Associates Atlanta is thrilled to present this two property fully leased ten unit value add opportunity within walking distance to the Historic Downtown Newnan. The properties each consist of five units, ranging from three bedrooms to one bedroom. All units are spacious with modern finishes. Both properties have access to off street parking and are 100% occupied, ready for turn-key ownership. Several of the tenants are currently at below market rents allowing for significant upside as leases renew. Current ownership has invested a healthy amount of capital improvements into both properties including new roofs and HVAC, along with paint and landscaping cosmetic upgrades.
Property Facts
| Price | $1,650,000 | Number of Properties | 2 |
| Price / SF | $240.59 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 6,858 SF |
| Sale Type | Investment | Total Land Area | 0.91 AC |
| Status | Active |
| Price | $1,650,000 |
| Price / SF | $240.59 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,858 SF |
| Total Land Area | 0.91 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 57 1st Ave, Newnan, GA 30263 | Multifamily | 3,778 SF | 1930 | - |
| 127 Lagrange St, Newnan, GA 30263 | Multifamily | 3,080 SF | 1969 | - |
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