Cordele Portfolio Cordele, GA 31015
Recently renovated 120-unit apartment portfolio in Cordele, Georgia.
Source:
Bullrealty
Listing Agent: Steve Self, Mpa, Cpa
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Apartment Portfolio in Cordele
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Cordele
- County
- Crisp
- State
- Georgia
- Longitude
- -83.7787
- Latitude
- 31.9409
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FAQs
What type of property is this?
Apartment building - Recently renovated 120-unit apartment portfolio in Cordele, Georgia.
Where is this apartment building located?
The property is located at Cordele Portfolio Cordele, GA.
What is the asking price?
The asking price for this property is $15,575,000.
What are key features of this property?
This property features: - Portfolio of 120 apartment units (three communities) offered as one property.; - **Significant recent renovations:** Approximately $1,200,000 spent on renovating 109 of 120 units in the last 18 months.; - **High occupancy rates:** Typically 95% to 100% occupied with less than 2.5% vacancy in the market.