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Merritt Landing 5700 Altama Avenue, Brunswick, GA 31525
Asset Snapshot
  • Asset Type Real Estate
  • Multifamily Type Garden
  • Property Size 128 Units
  • Land Area 10.59 Acres
  • Year Built 1974
  • Number of Floors 2
  • Number of Buildings 19
  • Parking Count 248
  • Occupancy 93.00 %
  • Occupancy as of Mar 20, 2017

RealINSIGHT Marketplace and Marcus and Millichap are pleased to exclusively offer for sale Merritt Landing Apartments. Merritt Landing Apartments is a 128-unit multifamily community located in Brunswick, GA. The property was built in 1974 and includes a diverse unit mix of one, two, three and four-bedroom floor plans with an average of 922 rentable square feet.  Furthermore, the floor plans are all townhouse-oriented-layouts which is a competitive advantage within the immediate submarket. The site encompasses 11.05 MOL acres and includes 18 two-story residential buildings as well a stand-alone single-story leasing office. Currently there are 40 down units that require a varying amount capital infusion to be made rent-ready. This offering presents the opportunity for an investor to restore the down units with upgraded finishes and achieve a premium rent compared to current ‘standard’ rents.  An investor also has the opportunity to enhance the common areas and amenities the property currently offers in order to reposition the asset within the immediate submarket.

 

Auctioneer
Michael Carr
AU2162 / RE164318
 

 

 

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

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Contact Details

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