713 Old Coffee Rd Nashville, GA 31639

Cypress Woods Apts is a rare value-add opportunity for an affordable multi-family complex in Nashville, GA. Sixteen 2BR/1BA flat units each w/ same 784 sf floorplan and individually metered for power. Water/sewer/trash included in the rent. Efficient design includes big BRs & closets with carpet. Vinyl in kitchen and baths. Real wood exteriors recently repainted and new roofs in 2019 (Tamko w/ 25 yr warranty) to minimize upkeep going forward. 3.76 acres with a serene pond on site allows residents / guests to enjoy the view and greenspace and take pride in this complex! Potential to add units to increase density. Several long-term tenants in place with current rents ranging from $410-$495. Upside potential to push rents up as Nashville has limited options for apartment complexes like this landmark property. 11.52% proforma cap rate at $495 monthly rents - 40% operating expense factor.