Multifamily

501 NE 4th Street

501 4th St NE, Cairo, GA 39828

Listing Price: $400,000

Cap Rate
7.72%
Number of Units
8
Price/Unit
$50,000
Price/Gross SF
$154.32
Gross SF
2,592

Investment Overview

Marcus and Millichap, as exclusive advisor, is pleased to present 501 NE 4th Street, an 8-unit, 2017 construction single story apartment community located in Cairo, Georgia. The property is positioned just 1 mile from Cairo High School and 1.3 miles north of Grady General Hospital. Since completion of construction, the property has maintained an average occupancy of 100%. The property is being offered at a historically low expense to income ratio and has consistently maintained a waitlist of prospective tenants. In addition, the property is being offered free and clear of debt thereby allowing investors to take advantage of attractive long-term financing options at todays historically low interest rates. Built in 2017, 501 NE 4th Street has been well maintained by the original developer/owner. This boutique multi family community consists of one single story wood frame building with Hardi Plank exterior siding and pitched shingle roofs on a 0.42-acre lot. Units are all single story, studio style averaging 329 square feet per unit. 501 NE 4th Street enjoys an excellent location within the city of Cairo which is in the heart of Grady County. The city is in southwestern Georgia, conveniently located between US Highway 84 and State Highway 111. Cairo is 34 miles (54 km) north of Tallahassee, Florida; 15 miles (24 km) west of Thomasville, Georgia; 24 miles (38 km) east of Bainbridge, Georgia. The residents at 501 NE 4th Street enjoy ease of access to dining and retail, and Grady General Hospital, which are strong demand drivers for this new apartment community.

Investment Highlights

  • Fully Stabilized Turn-Key Asset
  • 2017 Construction
  • Short Commute to Shopping, Dining, Retail Establishments

Exclusively Listed By

Listing Price: $400,000

Cap Rate
7.72%
Number of Units
8
Price/Unit
$50,000
Price/Gross SF
$154.32
Gross SF
2,592

Investment Highlights

  • Fully Stabilized Turn-Key Asset
  • 2017 Construction
  • Short Commute to Shopping, Dining, Retail Establishments

Investment Overview

Marcus and Millichap, as exclusive advisor, is pleased to present 501 NE 4th Street, an 8-unit, 2017 construction single story apartment community located in Cairo, Georgia. The property is positioned just 1 mile from Cairo High School and 1.3 miles north of Grady General Hospital. Since completion of construction, the property has maintained an average occupancy of 100%. The property is being offered at a historically low expense to income ratio and has consistently maintained a waitlist of prospective tenants. In addition, the property is being offered free and clear of debt thereby allowing investors to take advantage of attractive long-term financing options at todays historically low interest rates. Built in 2017, 501 NE 4th Street has been well maintained by the original developer/owner. This boutique multi family community consists of one single story wood frame building with Hardi Plank exterior siding and pitched shingle roofs on a 0.42-acre lot. Units are all single story, studio style averaging 329 square feet per unit. 501 NE 4th Street enjoys an excellent location within the city of Cairo which is in the heart of Grady County. The city is in southwestern Georgia, conveniently located between US Highway 84 and State Highway 111. Cairo is 34 miles (54 km) north of Tallahassee, Florida; 15 miles (24 km) west of Thomasville, Georgia; 24 miles (38 km) east of Bainbridge, Georgia. The residents at 501 NE 4th Street enjoy ease of access to dining and retail, and Grady General Hospital, which are strong demand drivers for this new apartment community.

Exclusively Listed By

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