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Multifamily

AmSun

909 W 20 Th St, Tifton, GA 31794

Listing Price: $10,400,000

Cap Rate
7.10%
GRM
7.54
Occupancy
99.0%

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire AmSun Apartments located in Tifton, GA, which is made up of two adjacent/conjoined properties, Amelia (58-units) & Sunnyside (73-units) apartments. Together they form the 131-unit AmSun property.

Amelia, a brick construction community built in 1973, and Sunnyside, a newly Hardie-Plank sided construction built in 1984 have both undergone major renovations over the last two years.

* Sunnyside has received ALL NEW siding, roofing, PEX water-pipes, drains, interior/exterior paint, and has vinyl plank flooring throughout.

* Amelia has had ALL roofs/mansards, flooring, and windows replaced.

AmSun Apartments, with two on-site Laundry Rooms and its very own on-site Trash Compactor, as opposed to dumpsters, is situated on a very advantaged location in Tifton and has a new 1,100 sf Leasing Office.

Located at GROUND ZERO for retail, restaurants, The University of Georgia/Tifton Campus, Medical Facilities, and Interstate I-75, this location is tough to beat for a market-rate property

Beautiful grounds and Soothing Environment, Immaculately Kept, and Mature Landscaping

With such a significant LOYAL, LONG-TIME Leasing Resident cohort, there is significant Loss-to-Lease that can be captured in Year-1 and Year-2

Investment Highlights

  • 99% Occupied
  • Lowest 1 and 2 Bedroom rents in the COMP set
  • Newly Renovated Physical Plant
  • Superiorly Situated In-fill Location Cannot be Outflanked by New Construction
  • Solid, Double-Digit Cash-on-Cash on Day-1 w/ 3.84% HUD 35/35 Assumable Debt

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Listing Price: $10,400,000

Cap Rate
7.10%
GRM
7.54
Occupancy
99.0%

Investment Highlights

  • 99% Occupied
  • Lowest 1 and 2 Bedroom rents in the COMP set
  • Newly Renovated Physical Plant
  • Superiorly Situated In-fill Location Cannot be Outflanked by New Construction
  • Solid, Double-Digit Cash-on-Cash on Day-1 w/ 3.84% HUD 35/35 Assumable Debt

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire AmSun Apartments located in Tifton, GA, which is made up of two adjacent/conjoined properties, Amelia (58-units) & Sunnyside (73-units) apartments. Together they form the 131-unit AmSun property. • Amelia, a brick construction community built in 1973, and Sunnyside, a newly Hardie-Plank sided construction built in 1984 have both undergone major renovations over the last two years. • * Sunnyside has received ALL NEW siding, roofing, PEX water-pipes, drains, interior/exterior paint, and has vinyl plank flooring throughout. • * Amelia has had ALL roofs/mansards, flooring, and windows replaced. • AmSun Apartments, with two on-site Laundry Rooms and its very own on-site Trash Compactor, as opposed to dumpsters, is situated on a very advantaged location in Tifton and has a new 1,100 sf Leasing Office. • Located at GROUND ZERO for retail, restaurants, The University of Georgia/Tifton Campus, Medical Facilities, and Interstate I-75, this location is tough to beat for a market-rate property • Beautiful grounds and Soothing Environment, Immaculately Kept, and Mature Landscaping • With such a significant LOYAL, LONG-TIME Leasing Resident cohort, there is significant Loss-to-Lease that can be captured in Year-1 and Year-2

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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