300 Elm, Hogansville, Georgia

Description

Excellent multi-family investment opportunity on the south side of Atlanta, in fast growing Hogansville, GA. Two buildings are turn key with Health/Safety CO from the state of GA. 24 units complete. Entitled for 228 units. 3 pad ready sites with water and sewer installed. Site are ready for building 300: 12 one bedroom units, building 400: 12 two bedroom units, building 500: 12 two bedroom units. Quote obtained of approximately $1.22 million for one bedroom building (building 300) and $1.57 million for each two bedroom building (building 400 and 500). Twelve one bedroom one bath units and Twelve two bedroom two bath units are complete with all kitchen appliances included. Two buildings include tankless electric hot water heaters, geothermal heating & cooling with inside air handlers, spray foam insulation, polished cement floor on main and LVT & tile throughout in units on 2nd and 3rd floors. US Postal units installed. Low maintenance hardiboard siding. City of Hogansville CO has not been obtained. Outstanding erosion control remediation needed along with AS-Built completed for building inspection.

Directions: I85 South exit 28. Take right onto hwy 100, cross Rx R and take left onto Hwy 29, Right onto Elm Street. Property on left.