Cordele Portfolio Cordele, GA 31015

This portfolio features three apartment communities with 36, 36, and 48 units, totaling 120 units. Operated as one property, two of the communities are adjacent and within a mile of the third. Situated in Cordele, Georgia, alongside I-75, a major transportation corridor, the properties benefit from a location at the nexus of I-75 and four major rail lines, providing a direct connection to the Port of Savannah and other ports. Approximately $1,200,000 has been invested in renovations over the past 18 months, with approximately 109 of the 120 units renovated, under renovation, or scheduled for renovation. The properties are valued at $17,750,000 in a recent appraisal report. The area experiences less than 2.5% vacancy and typically maintains 95% to 100% occupancy. Cordele is uniquely situated for economic stability and growth, serving as an economic gateway to central South Georgia. The area faces an acute housing shortage with more jobs than places to live, and a workforce labor shortage with substantially increasing workforce income.