16 Walker St Cartersville, GA 30120
- Residential income homes
- 800 SF
- 0.10 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 16 Walker St
- Year built
- 1940
- Lot size
- 0.10 lot acres
- Property size
- 800 SF
- Property type
- Residential income homes
- APN
- multiple
Description
This exceptional investment opportunity presents a 41-unit single-family rental portfolio situated in Cartersville, Bartow County, Georgia. The portfolio comprises 39 single-family homes and 2 duplexes, offering a diverse range of rental units. Unit sizes vary from 800 to 1,700 square feet, featuring 2-4 bedrooms. Currently boasting a 90% occupancy rate, projected to continue through October 1, 2024, the portfolio generates a substantial net operating income (NOI) of $525,000, yielding a compelling 5.54% cap rate. The asking price is $9,470,000. Many units have undergone renovations, incorporating energy-efficient features such as spray foam insulation and high-efficiency AC units, resulting in upgraded interiors with custom cabinetry, stone countertops, and modern bathrooms. The properties are located on lots ranging from 0.1 to 1 acre, with ample parking (2 spaces per unit). Built between 1940 and 2024, the portfolio includes 39 buildings, all single-story structures, zoned for single-family residences and duplexes. The portfolio's location in Bartow County, approximately 45 miles north of Atlanta and 65 miles south of Chattanooga, benefits from a growing market, strong tax base, and competitive job market. Monthly rental income ranges from $825 to $2140. Continued property management is available for the new owner. Further details are available upon execution of a non-disclosure agreement.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cartersville
- County
- Bartow
- State
- Georgia
- Longitude
- -84.8050003
- Latitude
- 34.1618003
