Investment Overview

Marcus & Millichap presents an exceptional opportunity to acquire two fully renovated multifamily properties totaling 72 units for $6,000,000. Camilla Commons, located at 401 US Highway 19 S, Camilla, GA, was built in 1982 and renovated in 2023. It offers 48 units across 41,900 rentable square feet on 4.97 acres. Pelham Pointe, located at 476 E Railroad St NE, Pelham, GA, was built in 1996 and renovated in 2023, featuring 24 units across 28,800 rentable square feet on 0.57 acres. Both properties have undergone extensive upgrades. Camilla Commons includes new roofing, cabinets, countertops, doors, locks, windows, and plumbing, while Pelham Pointe features improved landscaping, new roofing, countertops, doors, locks, plumbing, and siding. Additionally, there is potential to increase NOI by implementing a flat-rate water charge, as the current ownership is not currently charging for water and sewer. Located near major employers in Mitchell County, including the Camilla Chamber of Commerce (2,900 jobs), Keystone Foods (2,570 jobs), Tyson Chicken (1,800 jobs), Family Bank (1,324 jobs), Mitchell County Schools (425 jobs), and Archbold Medical Center (280 jobs), these properties offer strong demand for rental housing and an attractive investment opportunity.