MultifamilyActive

450 Camp Creek Circle

Cornelia, GA 30531 · Habersham County · FMLS #7827414

List price$989,900
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Location

450 Camp Creek Circle, Cornelia GA 30531

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List Price$989,900
1 Unitsadj$141,414 per unit
Estimated Year 1 Cash Flow$-51,147Rent upside or negotiations may be available
0.8%Est. Cap Rate
-20.7%Est. CoC
0.14xEst. DSCR · commercial
Below 1.0x DSCRListing evidence · class A
Rents1 / 1 units
Who paysWater tenant · Elec tenant · Gas tenant · Trash owner
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $3,343 (2023)

Property Financials

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Data last updated: October 27, 2026 at 12:01 PM EST
ACTIVE
FMLS #7827414
Listing Provided By Buffington Real Estate Group, LLC · 678-267-7080
Description

Property Description

ATTENTION INVESTORS! Don't miss this exceptional opportunity to add a turnkey, income-producing 7-unit apartment complex to your investment portfolio in Cornelia, Georgia. The property features five 2-bedroom, 1.5-bathroom units and two 1-bedroom, 1-bathroom units. Each apartment has been thoughtfully updated with modern finishes and quality materials, creating attractive and low-maintenance living spaces while minimizing the need for future capital expenditures. All seven units are individually metered for utilities, with tenants responsible for their own water and electricity expenses, helping to reduce the owner's operating costs. The property is located in an area with strong rental demand and offers convenient access to everyday amenities and major transportation routes, situated less than one mile from Walmart, Highway 441, and I-365. Whether you are looking to expand an existing portfolio or acquire your first multifamily investment, this property offers an attractive opportunity to own a well-maintained and income-producing asset in Cornelia. Seller is not offering owner financing. Contact us today for additional property and financial information or to schedule a private showing.
Listing facts

From this record

  • In-place DSCR 0.14x below 1.0 on default debt
  • Owner-paid: trash

1 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30531, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 1127$1,300$1,920+$620NNNYN
Total1 units$1,300Y = owner-paid ·, = unknown

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Calculator

Investment Calculator

Starts from list price and unit count. Pre-filled from From Rent Roll.. Override any value. Units adjusted (UNITS_FROM_REMARKS).

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Published from unit rents. Calculator defaults match the hero stack.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7.75% / 25-yr amort. Conventional = 25% / 7.75% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Screenable · below 1.0x DSCR

Jeff’s Investment Take

Market data · October 2026

Working thesis

In-place DSCR 0.14x does not cover default debt, the listing only screens if the price or the rent moves.

+47.7% Voucher Spread™ is the listed path to thicken NOI, only if those rents are collectible on this building.

  • Modeled debt service exceeds NOI at 0.14x. That is the binding constraint, not the badge.
  • In-place rents sit under ZIP SAFMR. Closing that gap (~$7,440/yr GPI) is what would change the DSCR and the gross.
  • Published cap 0.8% sits at or under county sold NOI cap 5.9%.
  • In-place DSCR 0.14x below 1.0 on default debt
  • Owner-paid: trash
Est. Cap Rate0.8%
Est. Cash-on-Cash-20.7%
Est. DSCR0.14xcommercial terms
Price / Unit$141,414
vs Local Close $/Door16% below recent close $/door
Same thesis · Voucher Spread™vs HUD Small Area FMR · ZIP 30531 (FY2027)
Voucher Spread™+47.7%vs SAFMR
Monthly rent gap+$620
Annual GPI upside+$7,440

Strong Voucher Spread™ of +47.7% , in-place rents sit below the HUD Small Area FMR benchmark for this ZIP. If every unit reached current HUD Small Area FMR, modeled gross income rises by roughly $7,440 per year. This is a listing-level signal, not a metro average. Confirm with comps and the actual rent roll.

Local market contextCore Metro
Med. close $/door$168,250321 closed · 12 mo
Med. asking rent$1,450
Months of supply8.5Active ÷ (12-mo closed ÷ 12)
County sold gross9.2%Rent ÷ close · T12 sold tape
County asking gross8.9%Rent ÷ list · live asks
County sold NOI cap5.9%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Core Metro benchmarks, and HUD Small Area FMR (ZIP-level) for Voucher Spread™ rent-gap context. DSCR and cash-on-cash use commercial terms (30% down / 7% / 25-yr amort) for 5+ units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete, those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 100%, yields published from unit rents

Some figures shown on this page are estimated because complete data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

Questions about this property

How do I schedule a showing or ask a question about this property?

Use the inquiry form on this page and include what you want to know and the days and times that work for you. Jeff Crowe will follow up.

Where does the listing information come from?

Listing details come from FMLS and are provided by Buffington Real Estate Group, LLC. Confirm them before making an offer.

Is this property still available?

This page shows the status reported in FMLS (Active) as of the last sync. Status can change quickly, so ask through the form to confirm before you tour.

Are the cap rate and cash-on-cash figures on this page verified?

No. Modeled figures are an independent estimate for screening only. Confirm them with the seller rent roll, T-12 and your lender terms before relying on them.