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25 Eastview Circle

Greensboro, GA 30642
  • $1,810,000
  • STATUS: Active
  • ON SITE: 128 Days
  • MLS #: 10241734
UPDATED: 64 min ago
$1,810,000
  • 0
    BEDS
  • 2.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,585
    SQFT
  • $88
    $/SQFT
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Description

Keller Knapp Realty is pleased to offer this unique opportunity to acquire a 2.45-acre, 24 Unit Multifamily Property located at 25 Eastview Circle, Greensboro, GA 30642, also known as Eastview Apartments of Greensboro, GA. (16) x 2-bedrooms, (8) x 1-bedrooms Units, in 4 buildings, plus a stand alone office and storage building. Ample resident and guest surface parking centrally located by each unit. The property is located in Greene County in the rapidly growing City of Greensboro, aLake Oconeeas Hometowna, just north of Interstate I-20 halfway between Atlanta & Augusta. The Property is fully leased, experienced USDA compliant property management in place. Existing waiting list for residents is substantial and properly maintained. A recent and full appraisal report and complete property condition report is available for qualified buyers to review. The Property is Zoned RM Multi Family Residential District for high density residential use. This district is designed to accommodate open space, convenience services, and community facilities needed for high density living. It is close to vibrant shopping, dining and entertainment districts with strong employment demand due to Lake Oconee tourism and golf, the Ritz Carlton Resort and the future Airabella mixed use development. The Interstate I-20 corridor has attracted significant employers such as Rivian Motors, SKC Semiconductors, Battery Resources, Lidl Manufacturing. Greene County with around $1 Billion in GDP ranks #77 in Georgia by GDP. The average household income in Greene County in 2023 was $118k expecting to rise to $132k in 2028 an increase of 12%. KEY DISCLOSURES: This property is available for sale to Not-For-Profit organizations and public agencies only through July 31, 2024. The entire property is currently part of the USDA Rural Development Rental Assistance program. Any and all prospective buyers must commit to a USDA Restrictive Use Provision that would run with the land. The provision would continue to offer all units as affordable housing for all residents with rental restrictions and would not allow any involuntary displacement of current residents. Favorable financing with as low as 1% interest on loans may be available. Based on funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent Rental Assistance and interest credit assistance that reduces the loan note interest rate to one percent. This institution is an equal opportunity provider and this is an Equal Housing Opportunity. Local Not-For-Profit organizations and public agencies have priority over regional and national Not-For-Profit organizations and public agencies during the sale of this property.

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Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than RE/MAX Center are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or RE/MAX Center. Data last updated: 2024-05-24T18:13:51.627.
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25 Eastview Circle Greensboro, GA 30642

  • Price: $1,810,000
  • Status: Active
  • On Site: 128 Days
  • Updated: 64 min ago
  • MLS #: 10241734
0
Beds
0
Baths
0
½ Baths
2.45
Acres
20,585
SQFT
$88
$/SQFT
1985
Built
County:
Greene
Area:
Greensboro
Property Description
Keller Knapp Realty is pleased to offer this unique opportunity to acquire a 2.45-acre, 24 Unit Multifamily Property located at 25 Eastview Circle, Greensboro, GA 30642, also known as Eastview Apartments of Greensboro, GA. (16) x 2-bedrooms, (8) x 1-bedrooms Units, in 4 buildings, plus a stand alone office and storage building. Ample resident and guest surface parking centrally located by each unit. The property is located in Greene County in the rapidly growing City of Greensboro, aLake Oconeeas Hometowna, just north of Interstate I-20 halfway between Atlanta & Augusta. The Property is fully leased, experienced USDA compliant property management in place. Existing waiting list for residents is substantial and properly maintained. A recent and full appraisal report and complete property condition report is available for qualified buyers to review. The Property is Zoned RM Multi Family Residential District for high density residential use. This district is designed to accommodate open space, convenience services, and community facilities needed for high density living. It is close to vibrant shopping, dining and entertainment districts with strong employment demand due to Lake Oconee tourism and golf, the Ritz Carlton Resort and the future Airabella mixed use development. The Interstate I-20 corridor has attracted significant employers such as Rivian Motors, SKC Semiconductors, Battery Resources, Lidl Manufacturing. Greene County with around $1 Billion in GDP ranks #77 in Georgia by GDP. The average household income in Greene County in 2023 was $118k expecting to rise to $132k in 2028 an increase of 12%. KEY DISCLOSURES: This property is available for sale to Not-For-Profit organizations and public agencies only through July 31, 2024. The entire property is currently part of the USDA Rural Development Rental Assistance program. Any and all prospective buyers must commit to a USDA Restrictive Use Provision that would run with the land. The provision would continue to offer all units as affordable housing for all residents with rental restrictions and would not allow any involuntary displacement of current residents. Favorable financing with as low as 1% interest on loans may be available. Based on funding availability, USDA Rural Development may provide funding to make this purchase possible. Funding may include 100 percent Rental Assistance and interest credit assistance that reduces the loan note interest rate to one percent. This institution is an equal opportunity provider and this is an Equal Housing Opportunity. Local Not-For-Profit organizations and public agencies have priority over regional and national Not-For-Profit organizations and public agencies during the sale of this property.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials BrickConcreteFrameWood Siding Garage YN No Lot Features City Lot Lot Size Area 2.45 Lot Size Source Public Records Lot Size Units Acres Parking Features Drive ThroughParking LotPaved Parking Total 55 Road Surface Type Paved Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 20585 Building Area Units Square Feet Cooling Central Air Cooling YN Yes Flooring Carpet Heating CentralElectric Heating YN Yes Living Area Source Public Records Living Area Units Square Feet

Property Features

Electric 220 Volts Electric On Property YN Yes Listing Terms AssumableCashConventionalSmall Business LoanUSDA Loan New Construction YN No Property Condition Resale Property Sub Type Commercial Sewer Public Sewer Special Listing Conditions Covenants/Restrictions Tax Annual Amount 3051.53 Tax Year 2023 Utilities Electricity AvailableSewer AvailableUnderground UtilitiesWater Available Water Source Public

GAMLS logo Listing provided courtesy of Keller Knapp, Inc: 404-370-0092. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than RE/MAX Center are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or RE/MAX Center. Data last updated: 2024-05-24T18:13:51.627.
 
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