Nottingham Apartments
Closed55 Nottingham Trail, Toccoa, GA 30577
N/A16 units13,200 SF
Multifamily1989
Property type
Multifamily
Unit / Space count
16
Price
N/A
Building size
13,200 sf
Rentable area
13,200 SF
Year built
1989
Year renovated
Occupancy
Zoning code
Lot size
4.01 Acres
Sold/status
Sold · Date unknown
Bedroom count
Property description
Franklin Street is pleased to present Nottingham Apartments, a 16-unit apartment community built in 1989 and located in Toccoa, GA on the foothills of the Blue Ridge Mountains in northeast Georgia. The property offers One-Bedroom and Two-Bedroom floorplans. Nottingham Apartments offers investors an opportunity to renovate units with modernized finishes, enabling significant rental premiums.
Property highlights
- Current ownership has invested in interior and exterior improvements, increasing rents by over 10% since 2021 with more room to increase rents organically.
- Ability to modernize 14 units to enable rent premiums. Comparables are leasing at $1,200+/mo for 2-bedroom units and $1,000+/mo for 1-bedroom units.
- Opportunity for exterior improvements including new windows, paint, amenities, and roofs.
- Property is situated on over 4 acres of land, leaving ample room for potential development of additional buildings.