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 815 NE East Boulevard, a 24-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, 815 NE East Boulevard has been well maintained by the original developer/owner. This boutique multifamily community consists of two single-story wood frame buildings with Hardi Plank exterior siding and pitched shingle roofs on a 0.65-acre lot. Units are all single-story, studio-style averaging 440 square feet per unit.

815 NE East Boulevard 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 815 NE East Boulevard enjoy easy access to dining, retail, and Grady General Hospital, which are strong demand drivers for this new apartment community.

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

• Walkable To Dining, Entertainment, And Retail Strip
• 1 Mile From Cairo High School
• Conveniently Located Off US Highway 84
• Less Than 2 Miles North Of Grady General Hospital

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