632 Madison St Commerce, GA 30529
Commerce AreaEstimated payment $29,349/month
Highlights
- New Construction
- 5.76 Acre Lot
- Central Air
- Commerce Primary School Rated A-
- Property is near shops
- Ceiling Fan
About This Home
Exceptional investment opportunity to acquire Cotton Gin Row, a newly constructed 18-unit build-to-rent townhome community in the rapidly growing Commerce, Georgia market. The property consists of nine duplex buildings situated on approximately 5.76 acres, with every residence offering the privacy and appeal of an end unit. Each townhome features approximately 1,866 square feet, 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, ceiling fans, and individually metered utilities with tenants paying electric, water/sewer, and trash. The community is currently in lease-up with strong momentum and is projected to stabilize by the end of August 2026. Stabilized projected Net Operating Income is approximately $317,003 with a 6.0% cap rate at the asking price. Professionally managed with a low operating expense ratio and minimal deferred maintenance due to new construction. Ideally located along the I-85 corridor in Jackson County, the property benefits from strong workforce housing demand driven by major employers including SK Battery America, Kubota Manufacturing, Northeast Georgia Health System, and the University of Georgia. This is a turnkey investment opportunity offering institutional-quality construction, strong long-term appreciation potential, and attractive cash flow in one of Northeast Georgia's fastest-growing markets. Financial information, rent roll, operating statements, and additional due diligence materials are available upon execution of a Confidentiality Agreement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,772
Year Built
- Built in 2026 | New Construction
HOA Fees
- $84 Monthly HOA Fees
Parking
- Garage
Home Design
- Duplex
Interior Spaces
- 2-Story Property
- Ceiling Fan
Schools
- Commerce Elementary And Middle School
- Commerce High School
Utilities
- Central Air
- Heating Available
- Underground Utilities
Additional Features
- 5.76 Acre Lot
- Property is near shops
Listing and Financial Details
- Tax Lot 1-9
Community Details
Overview
- Association fees include ground maintenance, management fee
- 18 Units
- Cotton Gin Row Subdivision
Building Details
- Insurance Expense $15,300
- Maintenance Expense $6,300
- Operating Expense $119,245
- Gross Income $436,248
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,772 | $103,800 | $103,800 | $0 |
| 2024 | $2,772 | $57,400 | $57,400 | $0 |
| 2023 | $1,585 | $90,160 | $90,160 | $0 |
| 2022 | $994 | $30,640 | $30,640 | $0 |
| 2021 | $1,043 | $32,240 | $30,640 | $1,600 |
| 2020 | $1,154 | $31,840 | $30,640 | $1,200 |
| 2019 | $1,325 | $36,040 | $34,360 | $1,680 |
| 2018 | $1,311 | $35,960 | $34,360 | $1,600 |
| 2017 | $1,352 | $36,442 | $34,400 | $2,042 |
| 2016 | $1,358 | $50,527 | $43,000 | $7,527 |
| 2015 | $1,926 | $50,527 | $43,000 | $7,527 |
| 2014 | $2,033 | $52,909 | $43,000 | $9,910 |
| 2013 | -- | $52,909 | $42,999 | $9,909 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2026 07/13/26 | For Sale | $5,287,383 | +1668.4% | -- | |
| 05/13/2024 05/13/24 | Sold | $299,000 | 0.0% | -- | View Prior Sale |
| 04/13/2024 04/13/24 | Pending | -- | -- | -- | |
| 02/09/2024 02/09/24 | For Sale | $299,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $299,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $80,000 | -- | |
| Warranty Deed | $50,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $299,000 | New Conventional |
Source: Georgia MLS
MLS Number: 10804744
APN: 010-024
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Ask me questions while you tour the home.