1520 Gordon Hwy Augusta, GA 30906

This property consists exclusively of studio apartments and is located between Augusta's major employers. A comprehensive renovation is scheduled for completion in Q1 2025, presenting an opportunity to acquire a repositioned asset with a clear path to stabilization. Situated in Georgia's second-largest metro area, which has over half a million residents and a diverse employment base in healthcare, military, and cybersecurity, the property is less than 10 minutes from downtown Augusta and approximately 15 minutes from Fort Gordon. The location provides close proximity to the region's primary employers, positioning the asset for continued strong rental demand. The current ownership has invested approximately $3.5 million in a full redevelopment, rebuilding unit interiors with new kitchens, appliances, contemporary finishes, plumbing, and electrical systems. Exterior improvements have addressed major capital components, including roofing, HVAC, and overall site improvements. With current occupancy at 85% and roughly $165 in monthly rental upside per unit, investors can focus on operational execution to unlock significant NOI growth. This property offers a straightforward path to stabilization, allowing investors to step into a fully renovated asset and focus on execution from day one.