Blount Crossing | 1263 Blount Crossing Rd SE
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Blount Crossing 1263 Blount Crossing Rd SE
40 Unit Block of Flats £1,425,743 (£35,644/Unit) 6.86% Net Initial Yield Darien, GA 31305
Investment Highlights
- Emerging Job Market
- Located 20 Miles From Downtown Brunswick
- Extended Use Period Expires 2033
Executive Summary
Marcus & Millichap is pleased to present Blount Crossing Apartments. Conveniently located in the City of Darien, off Highway 17, 2 miles from the Darien River and 20 miles from downtown Brunswick. Consisting of 26 2-Bed 1-Baths, 12 3-Bed 2-Baths, and 2 1-Bed 1-Bath. This 40-unit property provides residents with an affordable option combined with modern interiors in an emerging job market. Blount Crossing has the option to go through the qualified contract policy to be released from its extended use period.
The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.
The property will supply affordable housing to workers for the new Tradewinds Technology Park development 11 miles south of the property. The park includes spaces for manufacturing facilities, warehouse/distribution facilities, office & small industrial user parcels, and flex use. Darien is between the cities of Savannah, Georgia, and Jacksonville, Florida, and just one mile east of Interstate 95.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Price | £1,425,743 | Apartment Style | Garden |
| Price Per Unit | £35,644 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.13 AC |
| Net Initial Yield | 6.86% | Building Size | 50,000 SF |
| No. Units | 40 | Average Occupancy | 88% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Price | £1,425,743 |
| Price Per Unit | £35,644 |
| Sale Type | Investment |
| Net Initial Yield | 6.86% |
| No. Units | 40 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.13 AC |
| Building Size | 50,000 SF |
| Average Occupancy | 88% |
| Number of Floors | 2 |
| Year Built | 2002 |
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Centre
- Clubhouse
- Fitness Centre
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 647 |
| 2+1 | 26 | - | 831 |
| 3+2 | 12 | - | 1,166 |
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PROPERTY TAXES
| Parcel Number | 0053A-0008 | Improvements Assessment | £577,077 |
| Land Assessment | £8,745 | Total Assessment | £585,822 |
PROPERTY TAXES
Parcel Number
0053A-0008
Land Assessment
£8,745
Improvements Assessment
£577,077
Total Assessment
£585,822
zoning
| Zoning Code | 007 |
| 007 |
Contacts
-
Price Brazzel -
Ryan Lipomi -
William Graves -
Nate McDaniel -
John Leonard -
Marcus & Millichap
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Blount Crossing | 1263 Blount Crossing Rd SE
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