Listings / 164 MADDOX STREET

164 MADDOX STREET 164 Maddox St, Lawrenceville, GA 30046

Price $1,711,000

Cap Rate 7.78%

GRM 8.76

Price Per SF $65

Units 20

Price Per Unit $85,550

Gross Sq. Footage 26,168 SF

Year Built 1968

Status available

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Matthews Real Estate Investment Services is proud to offer 164 Maddox Street located in Lawrenceville, Georgia 30046. This 20-unit apartment building is an opportunity for an investor to purchase an asset in one of the top emerging submarkets in the Atlanta MSA. Tenants appreciate and enjoy the quiet residential neighborhood, while still being conveniently located minutes away from several retail locations, Rhodes Jorden Park Community Center, East Shadowlawn Memorial Gardens and Mausoleum, and the downtown Lawrenceville area.

This property consists of a desirable and unique unit mix of (12) Two Bedroom/One and a Half Bathroom, and (8) Two Bedroom/Two and a Half Bathroom Units. This offering presents the opportunity for an investor to own an asset in a high demand rental market that still has tremendous growth potential with the opportunity to implement a strategic renovation plan to recapture a significant value in rental rates.