Mike Steiner

Senior Associate

Email: Mike.Steiner@MarcusMillichap.com
Phone:
(813) 387-4772 – Direct
(850) 322-8267 – Mobile

 

Casey Babb, CCIM

First Vice President Investments

Email: Casey.Babb@MarcusMillichap.com
Phone:
(813) 387-4723 – Direct
(813) 368-0835 – Mobile

 

Luis Baez, CCIM

First Vice President Investments

Email: Luis.Baez@MarcusMillichap.com
Phone:
(813) 387-4849 – Direct
(813) 767-6275 – Mobile

Marcus and Millichap, as exclusive advisor, is pleased to present 501 NE 4th Street, an 8-unit, 2017 construction single-story apartment community located in Cairo, Georgia. The property is positioned just 1 mile from Cairo High School and 1.3 miles north of Grady General Hospital. Since completion of construction, the property has maintained an average occupancy of 100%. The property is being offered at a historically low expense to income ratio and has consistently maintained a waitlist of prospective tenants. In addition, the property is being offered free and clear of debt thereby allowing investors to take advantage of attractive long-term financing options at today’s historically low-interest rates.

Built in 2017, 501 NE 4th Street has been well maintained by the original developer/owner. This boutique multifamily community consists of one single-story wood frame building with Hardi Plank exterior siding and pitched shingle roofs on a 0.42-acre lot. Units are all single-story, studio-style averaging 329 square feet per unit.

501 NE 4th Street enjoys an excellent location within the city of Cairo which is in the heart of Grady County. The city is in southwestern Georgia, conveniently located between US Highway 84 and State Highway 111. Cairo is 34 miles (54 km) north of Tallahassee, Florida; 15 miles (24 km) west of Thomasville, Georgia; 24 miles (38 km) east of Bainbridge, Georgia. The residents at 501 NE 4th Street enjoy easy access to dining and retail, and Grady General Hospital, which are strong demand drivers for this new apartment community.

• Fully Stabilized Turn-Key Asset
• 2017 Construction
• All Studio Units
• Can Be Delivered Free And Clear Of Debt

• Short Commute to Shopping, Dining, Retail Establishments
• Cairo is the County Seat of Grady County
• Less Than 2 Miles From Grady General Hospital
• 1 Mile From Cairo High School

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