632 Madison ST, Commerce, GA 30529
632 Madison ST, Commerce, GA 30529
632 Madison ST, Commerce, GA 30529
20
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$4,850,000
Est. payment /mo
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54 Beds
54 Baths
1,866 SqFt
New

632 Madison ST Commerce, GA 30529

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Sabrina Allen

Sabrina Allen

+1(706) 832-1828

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,866 sqft

Price per Sqft $2,599

MLS Listing ID CL366474

Style Traditional

Bedrooms 54

Full Baths 36

Half Baths 18

HOA Fees $6/mo

HOA Y/N Yes

Year Built 2026

Lot Size 5.760 Acres

Acres 5.76

Property Sub-Type Duplex

Source SAV

Property Description

Presenting Cotton Gin Row, an exceptional investment opportunity featuring a newly constructed 18-unit build-to-rent townhome community in the thriving Commerce, Georgia market. Situated on approximately 5.76 acres, the community consists of nine duplex buildings, with every residence offering the privacy and appeal of an end unit. With 17 of 18 units occupied and an impressive 94.4% occupancy rate, Cotton Gin Row offers investors an established foundation for continued rental income and future growth. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, and an attached two-car garage. Interior finishes include granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, and ceiling fans. Individually metered utilities allow tenants to pay their own electric, water/sewer, and trash expenses, helping maintain an efficient operating structure. The property's new construction supports low maintenance requirements, while professional management provides an added level of convenience for investors. Strategically located along the I-85 corridor in Jackson County, Cotton Gin Row benefits from continued regional growth and workforce housing demand supported by major employers, including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. With projected stabilized Net Operating Income of approximately $269,444 and a 6.75% cap rate at the asking price, this professionally managed community presents an attractive opportunity to acquire a modern multifamily asset in one of Northeast Georgia's growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement. *** There are 7 Additional Units with the same floorplans that are tenant occupied, totaling an additional $14,500/ month. Details on these units can be provided.

Location

State GA

County Jackson Co.

Direction I-85 North to Exit 147 for GA-98 toward Commerce/Maysville. Take the exit and turn right onto GA-98 S/Maysville Rd, continuing for about 5 miles into downtown Commerce. Once in Downtown Commerce, turn left onto Madison St, and Cotton Gin Row will be on your right.

Rooms

Basement None

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Vinyl

Appliance Dishwasher, Electric Water Heater, Oven, Range, Refrigerator

Laundry Laundry Room

Exterior

Parking Features Attached

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Underground Utilities

Roof Type Composition

Porch Patio

Total Parking Spaces 2

Garage Yes

Building

Dwelling Type Townhouse

Story 2

Foundation Slab

Water Public

Architectural Style Traditional

Level or Stories 2

Structure Type Concrete

New Construction No

Others

Tax ID 010-024

Acceptable Financing Cash, Conventional, FHA, Other, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, Other, USDA Loan, VA Loan

Special Listing Condition Standard

Listed by Tamra Wade • RE/MAX TRU
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632 Madison ST