Stabilized Affordable Housing
112 South Cedar Street Adel, GA 31620
For Sale
Contact for pricing
141 stabilized affordable units across three South Georgia markets, ~94% occupied, with monthly rental income supported by HCV and state assistance.
Property Size51,356 SF
Price / SF$194.62
Days on Market51
Property Features for 112 South Cedar Street
General Information
- Standard status
- Active
- Size
- 51,356 SF
- Property subtype
- Multifamily
Listing Agency:
Coldwell Banker Commercial Premier Real Estate
(229) 244-3535
Listed By:
John Courson · License #342868
Source:
Crexi
Added: Jun 5
Changed: Jul 23
Last Checked: Jul 24 at 7:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Premier Real Estate
Investment Insights
Based on property information with market context.
The Courlley Portfolio is a stabilized affordable housing offering totaling 141 units across three properties: Courlley Court in Adel (36 units), Courlley Court II in Valdosta (40 units), and Courlley 303 in Albany (65 units). The portfolio is currently operating at approximately 94% occupancy and generates $102,052 in monthly rental income, with projected market rents of approximately $110,276 per month.
A substantial portion of the rental income is supported by Housing Choice Voucher (HCV) and state-funded rental assistance programs, helping reduce collection risk and income volatility compared to conventional multifamily investments. Ownership has invested significantly in renovations, modernization, and other capital improvements throughout the portfolio, supporting long-term performance with limited near-term capital requirements.
To facilitate the transaction, ownership may consider providing up to $1,000,000 in seller financing for qualified buyers, subject to creditworthiness and mutually agreeable terms. The offering is listed for sale at 112 South Cedar Street, Adel, GA 31620.
A substantial portion of the rental income is supported by Housing Choice Voucher (HCV) and state-funded rental assistance programs, helping reduce collection risk and income volatility compared to conventional multifamily investments. Ownership has invested significantly in renovations, modernization, and other capital improvements throughout the portfolio, supporting long-term performance with limited near-term capital requirements.
To facilitate the transaction, ownership may consider providing up to $1,000,000 in seller financing for qualified buyers, subject to creditworthiness and mutually agreeable terms. The offering is listed for sale at 112 South Cedar Street, Adel, GA 31620.
Key Highlights
- Courlley Portfolio with 141 stabilized affordable units across three South Georgia markets: Adel, Valdosta, and Albany
- Approximately 94% occupancy with $102,052 in monthly rental income
- Government‑backed payment sources include Housing Choice Voucher (HCV) and state‑funded rental assistance
Property Analytics
Location Intelligence
Current Use by Public Records
Graduate Program Housing
Apartment Building
FAQs
What type of property is this?
Apartment building - 141 stabilized affordable units across three South Georgia markets, ~94% occupied, with monthly rental income supported by HCV and state assistance.
Where is this apartment building located?
The property is located at 112 South Cedar Street Adel, GA.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: Courlley Portfolio with 141 stabilized affordable units across three South Georgia markets: Adel, Valdosta, and Albany; Approximately 94% occupancy with $102,052 in monthly rental income; Government‑backed payment sources include Housing Choice Voucher (HCV) and state‑funded rental assistance
