$3,000,000
Sold

210 Caribe Court

Statesboro, GA 30458
Type:Purchase
Structure:House
Zone:Residential

Description

This is a 34 unit complex in the heart of all the new construction off Hwy 301 and Rucker Rd. They are well managed units it excellent condition. During the current owner's ownership they have made many upgrades inside and out and raised income almost 40% by raising rates and occupancy. The management in place has been solidified during the ownership and is a key part of the success. Each year has been better than the last. The property consists of 12 buildings, containing (21) 1bed studios, (3) 2bed 2bath units and (10) 3bed 3bath units (plus a leasing office). There is plenty of parking and no deferred maintenance to deal with. Great investment or 1031 exchange

Location

Joe SantiagoReal Estate Group