Blount Crossing | 1263 Blount Crossing Rd SE
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Blount Crossing 1263 Blount Crossing Rd SE
40 Unit Apartment Building $2,559,834 CAD ($63,996 CAD/Unit) 6.86% Cap Rate Darien, GA 31305
Investment Highlights
- Emerging Job Market
- Located 20 Miles From Downtown Brunswick
- Extended Use Period Expires 2033
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Price | $2,559,834 CAD | Apartment Style | Garden |
| Price Per Unit | $63,996 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 4.13 AC |
| Cap Rate | 6.86% | Building Size | 50,000 SF |
| No. Units | 40 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Price | $2,559,834 CAD |
| Price Per Unit | $63,996 CAD |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.13 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 2002 |
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 647 |
| 2+1 | 26 | - | 831 |
| 3+2 | 12 | - | 1,166 |
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PROPERTY TAXES
| Parcel Number | 0053A-0008 | Improvements Assessment | $1,024,647 CAD |
| Land Assessment | $15,527 CAD | Total Assessment | $1,040,173 CAD |
PROPERTY TAXES
Parcel Number
0053A-0008
Land Assessment
$15,527 CAD
Improvements Assessment
$1,024,647 CAD
Total Assessment
$1,040,173 CAD
zoning
| Zoning Code | 007 |
| 007 |
Contacts
-
Price Brazzel -
Ryan Lipomi -
William Graves -
Nate McDaniel -
John Leonard -
Marcus & Millichap
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Blount Crossing | 1263 Blount Crossing Rd SE
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