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Kristy Harmison Realtor
632 Madison Street, Commerce, GA 30529
- $4,850,000
- List Price
- $4,850,000
- Price Change
- ▼ $437,383 1790623895
- MLS#
- 7804177
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Duplex
- Lot Size
- 5.76
- Subdivision
- Cotton Gin Row
Property Description
Presenting Cotton Gin Row, an exceptional investment opportunity featuring a newly constructed 18-unit build-to-rent townhome community in the thriving Commerce, Georgia market. Situated on approximately 5.76 acres, the community consists of nine duplex buildings, with every residence offering the privacy and appeal of an end unit. With 17 of 18 units occupied and an impressive 94.4% occupancy rate, Cotton Gin Row offers investors an established foundation for continued rental income and future growth. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, and an attached two-car garage. Interior finishes include granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, and ceiling fans. Individually metered utilities allow tenants to pay their own electric, water/sewer, and trash expenses, helping maintain an efficient operating structure. The property's new construction supports low maintenance requirements, while professional management provides an added level of convenience for investors. Strategically located along the I-85 corridor in Jackson County, Cotton Gin Row benefits from continued regional growth and workforce housing demand supported by major employers, including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. With projected stabilized Net Operating Income of approximately $269,444 and a 6.75% cap rate at the asking price, this professionally managed community presents an attractive opportunity to acquire a modern multifamily asset in one of Northeast Georgia's growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement. *** There are 4 Additional Units with same floorplans that are tenant occupied and included as well: 1. Rent $2100/ Deposit $800. Lease ends 6/30/2027. 2. Rent $2050/ Deposit $900. Lease ends 7/31/2027. 3. Rent $2100/ Deposit $1300. Lease ends 5/31/2027. 4. Rent $2050/ Deposit $1800. Lease ends 8/31/2027.***
Additional Information
- Stories
- Two
- Construction
- Cement Siding
- Year Built
- 2026
- Neighborhood Amenities
- Homeowners Assoc, Near Shopping, Sidewalks
- Roof
- Shingle
- Lot Dimensions
- x
- Parking
- Attached, Driveway, Garage, Level Driveway
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Commerce
- Middle School
- Commerce
- High School
- Commerce
- Acres
- 5.76
- Annual Expenses
- 119245
- Levels
- Two
- Gross Income
- 436248
- Net Operating Income
- $269,444
- Taxes
- $51,970
Listing courtesy of RE/MAX Tru.
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