621 Scott Mill Apartments
$2,950,000
621 Scott Mill Road, Canton, GA 30114
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 08/07/2023
6.12
Cap Rate
180,563
NOI
Details:
Cap Rate: 6.12%
NOI: $180,563
Pro Forma Cap Rate : 6.53%
Year Built: 2019
Highlights:
- All Bricks Exteriors
- Durable wood-like flooring
- Granite countertops
- Concrete parking lot
- Built end of 2019
- Low maintenance
Description:
10 Unit Complex consisting of 5 duplexes. Nine 5 bedroom 3 Bath units rent for $1800 per month and One 4 bedroom 2 bath unit rents for $1600 a month for a total of $17,800 a month income. Rents are due to be raised $100 per unit starting December 1st, making gross monthly income $18,800. Low maintenance Complex built brand new and first occupied in November 2019. Rents are expected to be raised again end of 2021. These units are built to last and be low maintenance, and feature all sides brick, granite countertops, wooden floors. These style units always stay occupied. Minutes from Downtown Canton, New Northside Hospital. Please DO NOT Disturb Tenants
Documents:
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Broad_St_Duplex.pdf
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_Scott_Mill_Apartments_2020_PRO-FORMA_Budget__-_Sheet1__5___1_.pdf
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Location
Gallery
