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103 Country Club Dr

40 Unit Apartment Building $2,500,000 ($62,500/Unit) Americus, GA 31709

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Investment Highlights

40 Units, Built in 1980, 1971
Three Total Buildings
Vacant Units Undergoing Complete Remodel (5 Units)

Unit Mix: (40) One Bedroom/One Bathroom Units
88% Occupied (35 Units)
Professionally Managed

Executive Summary

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

Property Facts

Price	$2,500,000	Building Class	C
Price Per Unit	$62,500	Lot Size	2.51 AC
Sale Type	Investment	Building Size	39,144 SF
Sale Conditions	High Vacancy Property	Average Occupancy	88%
No. Units	40	No. Stories	2
Property Type	Multifamily	Year Built	1980
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$2,500,000
Price Per Unit	$62,500
Sale Type	Investment
Sale Conditions	High Vacancy Property
No. Units	40
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	2.51 AC
Building Size	39,144 SF
Average Occupancy	88%
No. Stories	2
Year Built	1980
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.