110 Johnson Street — Sale in Cartersville, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cartersville, GA 30120

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

110 Johnson Street presents a compelling value-add multifamily acquisition in Cartersville, Georgia — a rapidly growing submarket approximately 45 miles north of Downtown Atlanta along the I-75 corridor. The property consists of 16 residential units (8 one-bedroom/one-bath and 8 two-bedroom/one-bath). Current in-place rents of $900 (1BR) and $982.50 (2BR) carry 16.7% and 20.4% rent growth potential to market rates of $1,050 and $1,183 respectively. With two vacant units and a dormant on-site laundry facility, the investment thesis is straightforward: a targeted unit upgrade program that systematically brings rents toward market will generate meaningful NOI growth throughout the hold period, while laundry reactivation provides an additional untapped revenue stream with minimal capital outlay. Investment Highlights: • Rent upside average of 18.6% with a clear renovation path to close the gap • $9,000/unit recommended renovation budget generating a $176/unit rent premium — roughly 22% return on renovation capital • Dormant laundry facility represents untapped ancillary income at minimal cost • Modest entry basis at $96,875/unit for workforce housing in a growing Atlanta corridor • Bartow County investment wave: Over $7.5 billion in committed industrial investment from Qcells, Hyundai/SK On, and Hanwha is creating thousands of new jobs

Market Context

This multifamily in Cartersville, GA is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Cartersville, GA — view the full market.

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