6 executive style waterfront units with room for expansion

River Front Multi-Family / Executive Housing

530 W Broughton srteet - Bainbridge, Georgia

Price: $799,000

Listing Agent: Mills Brock - 229.416.6136

A one and only opportunity to purchase a unique income producing property along the banks of the Flint River in Bainbridge, Georgia. The property currently has 6 units ( 3 @ $950/mo and 3 @ $1150 / mo.) With approved plans for 6 more units on the property. With the 6 units in place the investment shows nearly a 6% return based on asking price, historic occupancy rate of 92% and very low maintenance expenses. The units are finished out as modern/luxury residences and feature fantastic views of the river and Bainbridge's famous bridges. Each unit is 3/2- 3 units have private 2 car attached garages and private elevators.

 

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plat showing current unit foot print

 

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Future build out