$ 2,500,000
103 Country Club Drive Americus, GA 31709
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Listed by Cameron Morris • The Weeks Group
$ 2,500,000
Est. payment | /mo
2.67 Acres Lot
$ 2,500,000
Est. payment | /mo
2.67 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Country Club Apartments
MLS Listing ID 10357096
Construction Status Resale
Year Built 1971
Annual Tax Amount $11,057
Tax Year 2023
Lot Size 2.670 Acres
Property Description
The Weeks Group is pleased to offer Country Club Apartments, a value-add 40-unit apartment complex located in the growing city of Americus, GA. This property features 40 one-bedroom, one-bathroom units and is currently 92% rented, with the remaining 8% under renovation for immediate lease-up. $235,000 Gross Annually! The property is professionally managed by Anderson Bailey Real Estate Company in Americus, GA. Situated on 2.67+/- Acres, the complex consists of three buildings: 1846 S Lee Street, a two-story building with 8 units; 103 Country Club Drive, a two-story building with 16 units; and 105 Country Club Drive, another two-story building with 16 units. The seller has recently secured a variance for the construction of an additional 24 units, making this a prime opportunity for investors to capitalize on a great multi-family value-add investment. Don't miss out on this promising property. Call Cameron Morris at (229) 881-7643 for more information! Industry Outlook Manufacturing: Americus has a significant manufacturing sector, including companies involved in food processing, textiles, urethane foam plants and machinery. Healthcare: The healthcare industry is a major employer, with institutions like Phoebe Sumter Medical Center providing a range of medical services and contributing to the local economy. Education: Educational institutions such as Georgia Southwestern State University and South Georgia Technical College play a crucial role in the local economy by providing employment and contributing to the development of a skilled workforce. Agriculture: The region's agricultural sector is extremely important to the local economy such as row crop production, turf, dairy and livestock operations. Tourism and Hospitality: Americus benefits from its historical significance and downtown attractions like the Windsor Hotel and Habitat for Humanity's Global Village & Discovery Center, drawing visitors and supporting local businesses. Griffin Bell Golf Course and Conference Center remains a thriving support to the local community and is currently undergoing a comprehensive renovation. Retail and Services: The city has a thriving retail and service sector, catering to the needs of residents and visitors. This property is surrounded by national retailers and food providers. Important Selling Features: * 40 Units, Built in 1980 & 1971 * Unit Mix: (40) One Bedroom/One Bathroom Units * Three Total Buildings * 92% Occupied (37 Units) * Vacant Units Undergoing Complete Remodel (5 Units) * Average: 779+/- SF * Lot Size: 2.67 Acres * Density: 15 Units/AC * APN's: 71B 200G, 71B 103 * Professionally Managed * Ample Parking Available * Walk-Up Style Units * Brand New Roof (1846 S Lee Street) * Updated Landscaping Schools: * Sumter County Primary School * Sumter County Elementary School * Sumter County Middle School * Sumter County High School Utility Allocation: * Electricity (Georgia Power) - Paid by Tenant (Separate Meters) * Water (City of Americus) - Paid by Landlord (NOT Sub-Metered) * Trash (City of Americus) - Paid by Landlord * Sewer (City of Americus) - Paid by Landlord
Location
State GA
County Sumter
Zoning C3-Commercial
Interior
Heating Electric
Cooling Electric
Flooring Carpet, Laminate
Exterior
Garage Parking Lot, Paved
Utilities Available Cable Available, Electricity Available, High Speed Internet, Sewer Available, Water Available
Roof Type Other
Building
Sewer Other
Construction Status Resale
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Broker | License ID: 383400
5555 Glenridge Conn Ste. 200, Atlanta, Georgia, 30342, United States