Multi-family Community, Cross Creek Apts., Commerce, Ga.

This is an outstanding opportunity for the long term investor that is looking to create steady retirement or supplemental income.

Cross Creek Apartments consists of 10 duplex apartment buildings (20 rental units in all) on separate lots with a tennant base of working class families that enjoy and take pride in their quite and stable neighborhood.  The property is located in a prime growth area just a 5 minute drive to the I85/USHwy 441 interchange (exit 149) referred to as "Banks Crossing". The property is offered for $1,100,000.00. At a projected rate of 100% occupancy, the property would yeild a cap rate in excess of 8%.    

A current rent roll, NOI computation, along with additional financial reports and maintenance schedules showing a history of meticulous care and management will be available to interested prospects upon request. You may contact me at tomcoley@cginvestorsrealty.com

Most experts agree, that due to the current mortgage/liquidity crisis, rising fuel prices and economic decline, there is an ever increasing market demand for entry level multifamily rental for the Northeast Georgia area. This trend should remain strong for years to come and will be supported by the job opportunities created by the explosion of retail development activity around the "Banks Crossing" area which is anchored by two Tanger regional outlet centers, a Home Depot, a Wal-Mart super center, and many other national retailers. I invite you to visit the Jackson County Chamber of Commerce website for an overview of the incredible growth that the area is experiencing at this time.  http://www.jacksoncountyga.com/. 

The stage is set for sustained, positive NOI growth and value appreciation of this quiet, well managed, multifamily community known as Cross Creek Apartments. Contact me at tomcoley@cginvestorsrealty.com