Country Club Apartments - 40 Unit Apartment Complex - Value Add
The Weeks Group is pleased to offer Country Club Apartments, a value-add 40-unit apartment complex located in the growing city of Americus, GA. This property features 40 one-bedroom, one-bathroom units and is currently 88% rented, with the remaining 12% under renovation for immediate lease-up. $235,000 Annually! The property is professionally managed by Anderson Bailey Real Estate Company in Americus, GA. Situated on 2.70+/- Acres, the complex consists of three buildings: 1846 S Lee Street, a two-story building with 8 units; 103 Country Club Drive, a two-story building with 16 units; and 105 Country Club Drive, another two-story building with 16 units. The seller has recently secured a variance for the construction of an additional 24 units, making this a prime opportunity for investors to capitalize on a great multi-family value-add investment. Don't miss out on this promising property. Industry Outlook Manufacturing: Americus has a significant manufacturing sector, including companies involved in food processing, textiles, urethane foam plants and machinery. Healthcare: The healthcare industry is a major employer, with institutions like Phoebe Sumter Medical Center providing a range of medical services and contributing to the local economy. Education: Educational institutions such as Georgia Southwestern State University and South Georgia Technical College play a crucial role in the local economy by providing employment and contributing to the development of a skilled workforce. Agriculture: The region's agricultural sector is extremely important to the local economy such as row crop production, turf, dairy and livestock operations. Tourism and Hospitality: Americus benefits from its historical significance and downtown attractions like the Windsor Hotel and Habitat for Humanity's Global Village & Discovery Center, drawing visitors and supporting local businesses. Griffin Bell Golf Course and Conference Center remains a thriving support to the local community and is currently undergoing a comprehensive renovation. Retail and Services: The city has a thriving retail and service sector, catering to the needs of residents and visitors. This property is surrounded by national retailers and food providers. Important Selling Features: • 40 Units, Built in 1980, 1971 • Unit Mix: (40) One Bedroom/One Bathroom Units • Three Total Buildings • 88% Occupied (35 Units) • Vacant Units Undergoing Complete Remodel (5 Units) • Average: 779+/- SF • Lot Size: 2.70 Acres • Density: 15 Units/AC • APN's: 71B 200G, 71B 103 • Professionally Managed • Ample Parking Available • Walk-Up Style Units • Brand New Roof (1846 S Lee Street) • Updated Landscaping Schools: • Sumter County Primary School • Sumter County Elementary School • Sumter County Middle School • Sumter County High School
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