878 Hospital Road, Commerce, GA 30529

$1,995,000

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List Price
$1,995,000
Price Change
▼ $55,000 1783020464
MLS#
7752601
Status
ACTIVE
Type
Multifamily
Subtype
Other
Lot Size
2

Property Description

Preston Court is a 10-unit townhome community built in 2002, featuring spacious 3-bedroom, 2-bath units within a gated setting. This is a rare opportunity to acquire a well-maintained, highly desirable asset with strong fundamentals and long-term durability. Preston Court represents a legacy-type asset with a strong combination of location, product type, and performance—ideal for investors seeking stable cash flow with future upside in a high-growth corridor. The property is currently 100% occupied with average rents of approximately $1,595, offering immediate in-place cash flow and operational stability. The townhome-style layout and unit mix continue to perform well with residents, supporting consistent demand and retention. Located in Jackson County, one of the fastest-growing areas in Georgia, the submarket has experienced approximately 35% population growth since 2020—ranking as the second fastest-growing county out of 159 statewide. This growth continues to drive housing demand and supports long-term rent growth potential. Buyers should be prepared to submit a Letter of Intent (LOI) prior to execution of a Purchase and Sale Agreement. LOI should outline key terms including purchase price, earnest money, due diligence period, closing timeline, and any requested closing cost allocations. Offering Memorandum, rent roll, T12, and additional due diligence materials are available upon request. Out of respect for tenant privacy, please do not disturb tenants.

Additional Information

Stories
Two
Construction
HardiPlank Type
Year Built
2002
Neighborhood Amenities
Gated
Roof
Shingle
Lot Dimensions
x
Parking
Parking Lot
Lot Desc
Private, Wooded
Water
Public
Sewer
Public Sewer
Elementary School
Commerce
Middle School
Commerce
High School
Commerce
Acres
2
Dock
None
Levels
Two
Taxes
$14,881

Listing courtesy of Cornerstone Real Estate Partners, LLC.

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