COUNTRY CLUB APARTMENTS
40 UNIT APARTMENT COMPLEX
VALUE ADD OPPORTUNITY
PREMIER AMERICUS LOCATION
Sumter County, GA
Property Address: 103 Country Club Drive Americus, GA 31709
105 Country Club Drive Americus, GA 31709
1846 S Lee Street Americus, GA 31709
Offering Overview
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
2023 Property Taxes: $8,950.82 + $2,106.22 = $11,057.04
Annual Insurance Premium: $12,107.00
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
GPS Coordinates: 32.045985560837686, -84.22201423956535
Driving Directions:
From Downtown Americus begin on East Lamar Street for 100 feet. Turn Right on South Lee Street (Georgia Highway 377) for 1.9 Miles. The property begins on your Left just past Griffin Bell Golf Course and Magnolia Manor.
From Georgia Southwestern State University (GSW) head West on E Glessner Street for 0.5 Miles. Turn Left on Elm Avenue for 0.3 Miles. Turn Left on South Lee Street for 0.3 Miles. The property begins on your Left just past Griffin Bell Golf Course and Magnolia Manor.
For More Information Contact:
Cameron Morris
Associate Broker & Auctioneer
CAGA Appraiser
The Weeks Group
(229) 881-7643
Cameron@BidWeeks.com
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