Camilla Commons & Pelham Pointe
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Camilla Commons & Pelham Pointe
2 Multifamily Properties Offered at $5,800,000 in Multiple Locations
Investment Highlights
- Fully renovated interiors and exteriors
- Value-add opportunity with utility structure
- New roofs on all buildings, granite countertops, and stainless steel appliances
Executive Summary
Marcus & Millichap presents an exceptional opportunity to acquire two fully renovated multifamily properties totaling 72 units for
$6,000,000. Camilla Commons, located at 401 US Highway 19 S, Camilla, GA, was built in 1982 and renovated in 2023. It offers 48
units across 41,900 rentable square feet on 4.97 acres. Pelham Pointe, located at 476 E Railroad St NE, Pelham, GA, was built in 1996
and renovated in 2023, featuring 24 units across 28,800 rentable square feet on 0.57 acres.
Both properties have undergone extensive upgrades. Camilla Commons includes new roofing, cabinets, countertops, doors, locks,
windows, and plumbing, while Pelham Pointe features improved landscaping, new roofing, countertops, doors, locks, plumbing, and
siding. Additionally, there is potential to increase NOI by implementing a flat-rate water charge, as the current ownership is not
currently charging for water and sewer.
Located near major employers in Mitchell County, including the Camilla Chamber of Commerce (2,900 jobs), Keystone Foods (2,570
jobs), Tyson Chicken (1,800 jobs), Family Bank (1,324 jobs), Mitchell County Schools (425 jobs), and Archbold Medical Center (280
jobs), these properties offer strong demand for rental housing and an attractive investment opportunity.
$6,000,000. Camilla Commons, located at 401 US Highway 19 S, Camilla, GA, was built in 1982 and renovated in 2023. It offers 48
units across 41,900 rentable square feet on 4.97 acres. Pelham Pointe, located at 476 E Railroad St NE, Pelham, GA, was built in 1996
and renovated in 2023, featuring 24 units across 28,800 rentable square feet on 0.57 acres.
Both properties have undergone extensive upgrades. Camilla Commons includes new roofing, cabinets, countertops, doors, locks,
windows, and plumbing, while Pelham Pointe features improved landscaping, new roofing, countertops, doors, locks, plumbing, and
siding. Additionally, there is potential to increase NOI by implementing a flat-rate water charge, as the current ownership is not
currently charging for water and sewer.
Located near major employers in Mitchell County, including the Camilla Chamber of Commerce (2,900 jobs), Keystone Foods (2,570
jobs), Tyson Chicken (1,800 jobs), Family Bank (1,324 jobs), Mitchell County Schools (425 jobs), and Archbold Medical Center (280
jobs), these properties offer strong demand for rental housing and an attractive investment opportunity.
Property Facts
| Price | $5,800,000 | Number of Properties | 2 |
| Price / SF | $78.37 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 74,009 SF |
| Status | Active | Total Land Area | 7.97 AC |
| Price | $5,800,000 |
| Price / SF | $78.37 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 74,009 SF |
| Total Land Area | 7.97 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Camilla Commons
401 US Highway 19 S, Camilla, GA 31730 |
Multifamily | 41,600 SF | 1982 | - |
|
East Railroad Street Apartments
476 E Railroad St NE, Pelham, GA 31779 |
Multifamily | 32,409 SF | 1996 | - |
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