Marcus and Millichap, as exclusive advisor, is pleased to present The College Plaza Apartments; a 34 unit, 2006 construction, single-story townhome community located in Bainbridge, Georgia just 0.4 miles from Abraham Baldwin Agricultural College (formerly Bainbridge College) and 0.4 miles from Bainbridge Memorial Hospital. The property has a strong rental history, is being offered at a historically low expense to income ratio and has consistently maintained a wait list of prospective tenants who are eager to call College Plaza home. In addition, College Plaza is being offered free and clear of debt thereby allowing investors to take advantage of attractive long-term financing options which are still at historically low rates.
Built in 2006, College Plaza has been well maintained by the original developer/owner. This boutique multi-family community consists of ten one story wood frame buildings with exterior brick and Hardi Board siding and pitched shingle roofs on a quiet four-acre site accessed by a side street with cul de sac and a well lit, asphalt driveway. Units are all single story townhome-style with a desirable mix of eight two-bed and two-bath units at 900 square feet and twenty six two-bed and one-bath units at 750 square feet all of which feature semi private entries, semi-private back porches, oak hardwood flooring in main living areas (except kitchens and bathrooms), and solid wood cabinetry.
College Plaza enjoys an excellent location within the city of Bainbridge which is located in the center of Decatur County. The city is in southwestern Georgia along U.S. Routes 27 and 84, which form a bypass around the southern part of the city. Bainbridge is 40 miles (64 km) northwest of Tallahassee, Florida; 82 miles (132 km) west of Valdosta; and 54 miles (87 km) east-southeast of Dothan, Alabama. Residents enjoy ease of access to both Bainbridge Memorial Hospital and Baldwin Agricultural College, both of which are strong demand drivers for College Plaza apartments.
