Multifamily
AmSun
909 W 20 Th St, Tifton, GA 31794
Listing Price: $10,400,000
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
Financing By
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