Skip to main content

Multifamily

The Lofts at Chason Park

223 N Donalson St, Bainbridge, GA 39817

Listing Price: $5,600,000

Cap Rate
5.89%
Number of Units
21
GRM
9.49
Occupancy
90.0%
Price/Unit
$266,667

Investment Overview

This investment opportunity offers a brand new luxury community located on the historic Flint River in Bainbridge, Georgia, comprising 21 units priced at $5,600,000 with a 5.89% CAP rate and 90% occupancy. Built in 2023, this property features spacious 1 and 2 bedroom apartments across three floors, with the fourth floor boasting an exclusive rooftop terrace. Each unit includes a patio or balcony, providing views of either the picturesque Flint River or the newly developed Chason Park, part of the city's $9,000,000 riverfront project. Apartments are designed with modern finishes, granite-like countertops, and stainless steel appliances, ensuring a luxurious living experience. Additional amenities include an elevator for easy access, a gated parking lot, and controlled building access.
Located steps from downtown Bainbridge, residents enjoy convenient access to locally owned restaurants, a coffee shop, a brewery, shopping, and an art museum, all within a few blocks. This property's blend of luxury living, strategic location, and modern amenities makes it an attractive investment with potential for strong returns and long-term appreciation in a thriving and revitalized riverfront community.

Investment Highlights

  • Beautiful Class A property built in 2023
  • 10 year tax abatement with over 9 years remaining
  • Assumable Bond/Loan on the property
  • 2.5% expected growth in the next 5 years in Bainbridge

Exclusively Listed By

Multifamily

The Lofts at Chason Park

Listing Price: $5,600,000

Cap Rate
5.89%
Number of Units
21
GRM
9.49
Occupancy
90.0%
Price/Unit
$266,667

Investment Highlights

  • Beautiful Class A property built in 2023
  • 10 year tax abatement with over 9 years remaining
  • Assumable Bond/Loan on the property
  • 2.5% expected growth in the next 5 years in Bainbridge

Investment Overview

This investment opportunity offers a brand new luxury community located on the historic Flint River in Bainbridge, Georgia, comprising 21 units priced at $5,600,000 with a 5.89% CAP rate and 90% occupancy. Built in 2023, this property features spacious 1 and 2 bedroom apartments across three floors, with the fourth floor boasting an exclusive rooftop terrace. Each unit includes a patio or balcony, providing views of either the picturesque Flint River or the newly developed Chason Park, part of the city's $9,000,000 riverfront project. Apartments are designed with modern finishes, granite-like countertops, and stainless steel appliances, ensuring a luxurious living experience. Additional amenities include an elevator for easy access, a gated parking lot, and controlled building access. Located steps from downtown Bainbridge, residents enjoy convenient access to locally owned restaurants, a coffee shop, a brewery, shopping, and an art museum, all within a few blocks. This property's blend of luxury living, strategic location, and modern amenities makes it an attractive investment with potential for strong returns and long-term appreciation in a thriving and revitalized riverfront community.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower