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829 N Hill St
Griffin, GA 30223

$7,835,000 USD

Apartments For Sale  •  70,200 SF

Property Details

• Property Type Apartments
• Total Building Size 70,575 SF
• Lot Size 5.98 AC
• Building Class B
• Year Built 2001
• Cap Rate 8.29 %
• Zoning HDR-B

40 Walk Score

Highlights

60-unit garden-style community with 95% occupancy and large avg unit size of ±1,176 SF

Mark-to-market upside: current avg rent $1,228 vs. market rent of $1,338 per unit

23 units fully upgraded; 11 units partially upgraded with LVP flooring and new appliances

Brand new Pickleball Court, Gazebo, Fire Pit, Outdoor Grilling area & Playground

No Affordable Housing restrictions; water/sewer bill-back system in place

±40 miles south of Atlanta with access to major employment, healthcare, and education nodes

Cap Rate:

8.29 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Meridian - St. Phillip Villas

Public Transportation

Airport	Drive	Walk	Distance
Hartsfield - Jackson Atlanta International	52 min	-	32.4 mi