300 Elm Street, Hogansville, GA 30230

This multifamily investment opportunity is located on the south side of Atlanta, in the rapidly developing city of Hogansville, GA. The property includes 24 completed units across two buildings, which have received Health/Safety Certificates of Occupancy from the state of Georgia. The site is entitled for a total of 228 units and features three pad-ready sites with water and sewer connections already installed. These sites are prepared for the construction of Building 300, which will contain 12 one-bedroom units, and Buildings 400 and 500, each designed for 12 two-bedroom units. Recent quotes estimate the construction cost for Building 300 at approximately $1.22 million, while Buildings 400 and 500 are estimated at $1.57 million each. The completed units consist of twelve one-bedroom, one-bath units and twelve two-bedroom, two-bath units, all equipped with kitchen appliances. The two existing buildings feature tankless electric hot water heaters, geothermal heating and cooling systems with indoor air handlers, spray foam insulation, and polished cement floors on the main level. The units on the second and third floors have LVT and tile flooring throughout. US Postal units are installed. The buildings are constructed with low-maintenance hardiboard siding. Note that a Certificate of Occupancy from the City of Hogansville has not yet been obtained. The property requires erosion control remediation and the completion of as-built drawings for building inspection. The lot size is 18.5 acres.