Skip to main content

Multifamily

Blount Crossing Apartments

1263 Blounts Crossing, Darien, GA 31305

Listing Price: $1,800,000

Cap Rate
6.81%
Number of Units
40
GRM
5.24
Occupancy
87.5%
Price/Unit
$45,000

Investment Overview

Marcus & Millichap is pleased to present Blount Crossing Apartments. Conveniently located in the City of Darien, off Highway 17, 2 miles from the Darien River and 20 miles from downtown Brunswick. Consisting of 26 2-Bed 1-Baths, 12 3-Bed 2-Baths, and 2 1-Bed 1-Bath. This 40-unit property provides residents with an affordable option combined with modern interiors in an emerging job market. Blount Crossing has the option to go through the qualified contract policy to be released from its extended use period.

The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.


Investment Highlights

  • Emerging Job Market
  • Extended Use Period Expires 2033
  • Located 20 Miles From Downtown Brunswick

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Multifamily

Blount Crossing Apartments

Listing Price: $1,800,000

Cap Rate
6.81%
Number of Units
40
GRM
5.24
Occupancy
87.5%
Price/Unit
$45,000

Investment Highlights

  • Emerging Job Market
  • Extended Use Period Expires 2033
  • Located 20 Miles From Downtown Brunswick

Investment Overview

Marcus & Millichap is pleased to present Blount Crossing Apartments. Conveniently located in the City of Darien, off Highway 17, 2 miles from the Darien River and 20 miles from downtown Brunswick. Consisting of 26 2-Bed 1-Baths, 12 3-Bed 2-Baths, and 2 1-Bed 1-Bath. This 40-unit property provides residents with an affordable option combined with modern interiors in an emerging job market. Blount Crossing has the option to go through the qualified contract policy to be released from its extended use period. The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

MM Texture Background
MM Textured Background Lower