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Multifamily

Harmon Heights Apartments

805 Harmon Dr, Valdosta, GA 31601

Listing Price: $18,250,000

Cap Rate
6.38%
Number of Units
100
GRM
10.83
Occupancy
100.0%
Price/Unit
$182,500
Price/Gross SF
$160.65
Gross SF
113,600

Investment Overview

Superior In-fill Location Cannot be Outflanked by New Construction

NO Vacancies till December and 37 Applicant Wait List w/ Deposits of……

Currently 100% Occupied and Stays Full Historically.

Concession Are and Have Historically Been Less Than 0.5%, on Average

Only 6 Evictions in the last 12 Years!

Only 1 Eviction in the last 2 Years!

Delinquency Aging Report reflects $0.00

Owner will continue to manage - at Buyer’s desire- and will continue unrivaled metrics

A Superior Screening Process drives superior performance metrics over long the term.

NO Bad Debt Year-to-Date --$0
and only $1,025.00 for all of 2023!

Investment Highlights

  • Superior In-fill Location Cannot be Outflanked by New Construction
  • Currently, 100% Occupied and Stays Full Historically.
  • Only 6 Evictions in the last 12 Years! Only 1 Eviction in the last 2 Years!

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Multifamily

Harmon Heights Apartments

Listing Price: $18,250,000

Cap Rate
6.38%
Number of Units
100
GRM
10.83
Occupancy
100.0%
Price/Unit
$182,500
Price/Gross SF
$160.65
Gross SF
113,600

Investment Highlights

  • Superior In-fill Location Cannot be Outflanked by New Construction
  • Currently, 100% Occupied and Stays Full Historically.
  • Only 6 Evictions in the last 12 Years! Only 1 Eviction in the last 2 Years!

Investment Overview

Superior In-fill Location Cannot be Outflanked by New Construction NO Vacancies till December and 37 Applicant Wait List w/ Deposits of…… Currently 100% Occupied and Stays Full Historically. Concession Are and Have Historically Been Less Than 0.5%, on Average Only 6 Evictions in the last 12 Years! Only 1 Eviction in the last 2 Years! Delinquency Aging Report reflects $0.00 Owner will continue to manage - at Buyer’s desire- and will continue unrivaled metrics A Superior Screening Process drives superior performance metrics over long the term. NO Bad Debt Year-to-Date --$0 and only $1,025.00 for all of 2023!

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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