101 Blandford Villas Dr Rincon, GA 31326
- Apartment buildings
- 28,000 SF
- 2.96 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 101 Blandford Villas Dr
- Year built
- 2022
- Lot size
- 2.96 lot acres
- Property size
- 28,000 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 16-unit apartment building in Rincon, Georgia, boasting a remarkable 6.69% cap rate and a strong NOI of $294,436. Completed in 2022, this two-building complex comprises 16 townhome-style units, each featuring three bedrooms, two and a half bathrooms, and 1,750 square feet of living space. The property sits on a 2.96-acre lot and includes 36 parking spaces. Currently operating at 100% occupancy, the units command an average monthly rent of $2,007, with a high of $2,150, supplemented by a $30 monthly community fee per unit. Recent upgrades include washer/dryer connections, privacy fences, and enhanced landscaping. Strategically located just 20 miles north of Savannah, this property benefits from its proximity to major employers, including the upcoming Hyundai EV plant in Ellabell (projected to bring 8,000+ jobs) and the Gulfstream manufacturing plant. The property is also situated in a highly desirable school district. The current property manager is available to remain for 5% of gross rents, and property taxes are frozen until 2027. This turnkey asset offers a compelling combination of strong performance, desirable location, and significant future growth potential. The asking price is $4,400,000. The property's total square footage is 28,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rincon
- County
- Effingham
- State
- Georgia
- Longitude
- -81.2494
- Latitude
- 32.2837
