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521 W Montgomery St
Milledgeville, GA 31061
Class A Student Housing Pedestrian to Campus · Multifamily Property For Sale · 34 Units
PROPERTY FACTS
| No. Units | 34 | Lot Size | 1.42 AC |
| Property Type | Multifamily | Building Size | 45,228 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | B | Year Built | 1980 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.42 AC |
| Building Size | 45,228 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1980 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Oven
- Vinyl Flooring
Site Amenities
- 24 Hour Access
About 521 W Montgomery St , Milledgeville, GA 31061
Progressive College Living is a class A student housing community adjacent to GCSU's campus and student union. High end features include stainless steel appliances, granite countertops, and flat screen TVs. Buildings are wired for high speed internet for tenants. The property saw pre-leasing at an unprecedented rate; reaching 100% by November 2016. Breakdown as follows: Phase 1 consists of (20) 3 bedroom units, and (2) 2 bedroom units, totaling 22 units/64 bedrooms. Phase 2 will deliver (12) 4 bedroom units totaling 48 bedrooms. Phase 1 is 100% occupied, and 100% pre-leased for 2017-2018. Phase 2 is 100% pre-leased for 2017-2018. Delivery of Phase 2 is set for August 2017! 2017 - 2018 Gross rents total $942,000 with a NOI (based on historic date) at $571,665.00. PCL is adjacent to Georgia College's campus and two blocks from Downtown Milledgeville, making it perfect for student living. Tenants are pedestrian to downtown, GCSU campus, and GMC campus.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,956,305 | |
| Land Assessment | $185,298 | Total Assessment | $2,141,603 |
PROPERTY TAXES
zoning
| Zoning Code | R (residential multi-family) |
| R (residential multi-family) |
