296 APARTMENT UNITS 9%+ ACTUAL CAP RATE-21840

Multifamily / Garden Apartments / 2205 SOUTHGATE DRIVE , Augusta Georgia 30906

 
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Charlie Skandrani

Capital Commercial Real Estate Group

Office Phone: 954-455-3366

Cell Phone: 786-488-3434

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Published on: Tuesday, April 22, 2014 6:06:03 PM
Updated on: Tuesday, June 17, 2014 5:47:48 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Georgia-30778

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 75%

Year Build: 1975

 

Building Size: 231,175 SqFt

Lot Size: 22 Acre

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc. is pleased to exclusively present Providence Place Apartments.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9.5

Commission Split (%): 2

Complete Details


Year Build: 1975

Building Size: 231,175 SqFt.

No of Stories: 2

Total Lot Area: 22.00 Acre

No of Parking: 0

No of Total Units: 296

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 75%

Full Description


Providence Place Apartments Property has an excellent unit mix of 1,2 and 3 bedroom apartments and town-homes. This exclusively listed property has over $400,000 in capital improvements. The turnkey investment offers the savvy investor significant upside and stabilized cash flow. Providence Place is a well kept, 296-unit multifamily complex located in the acclaimed Georgia city, Augusta. Located on over 22 Acres of land, the community is comprised of 42 contiguous buildings, a pool, laundry facilities, a kid park, and an on-site leasing office.

Additional Properties


Property Tenants
  • Fort Gordon Army Base
  • Downtown Historic Augusta
  • The Bobby Jones Expressway

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$1,380,240.00
$0.00
$675,206.00
$705,034.00
$0.00
0%
Cash Flow for Current Listings

Attached Documents


 Download | Financial Statement ( 76.05KB)

 Download | Financial Statement ( 45.12KB)

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