Multifamily Investment Opportunity
Price
$11,500,000
Exclusive Investment Opportunity: 134-Unit Multifamily Asset Near Robins Air Force Base
Location: 120 Ignico Dr, Warner Robins, GA 31093
Price: $11,500,000
Promiseland Realty LLC presents a unique investment opportunity in a strategically located 134-unit apartment complex at 120 Ignico Dr, Warner Robins, GA. This offering is poised for significant value-add and revenue growth, standing out for investors specializing in multifamily properties and presenting a compelling blend of challenge and opportunity near the Robins Air Force Base.
Financials & Photos: https://drive.google.com/drive/folders/1pZUePwi0kCdiz7mntjeja7jn2GM591TS?usp=share_link
Investment Highlights:
Prime Location:Â Nestled directly across from a 200-unit complex and mere yards from the Robins Air Force Base, enhancing tenant demand and investment appeal.
Value-Add Potential:Â With current rents significantly below market rate, there's substantial upside through strategic management and operational efficiencies.
Occupancy Improvement Opportunity:Â Approximately 30% occupied due to previous management challenges. Recent in-house management initiatives promise a swift recovery in occupancy.
Financial Considerations:Â The past 12 months have seen underperformance due to management issues and low occupancy. However, there is a potential for substantial income increase, particularly with adjustments in RUBS and occupancy rates.
Asset Structuring:Â Owned in a single-purpose entity, allowing for an LLC membership interest transfer and potential tax advantages.
Operational Upsides:Â With in-house management having recently taken over, the groundwork for stabilization has been laid, including staff restructuring and property improvements.
Property Overview: This 134-unit complex represents a moderate to heavy value-add investment, requiring an investor with a strong background in renovations, project management, and a deep understanding of the multifamily market. The seller, having taken control after challenges with third-party management, has initiated a turnaround strategy but seeks to divest due to broader operational commitments.
Sale Structure Flexibility: The seller is open to creative structuring of the sale to facilitate a smooth and advantageous acquisition for the buyer. This includes options for outright purchase or leveraging buyer's financing. A strong preference is given to buyers who can act swiftly, potentially offering quick closings and significant down payments.
Request for Proposals: We invite seasoned multifamily investors to consider this unique investment opportunity. For those looking to expand their portfolio with a project offering ample "meat on the bone," this property at 120 Ignico Dr represents an excellent balance-sheet builder with long-term growth prospects.
Submission of Offers: Please direct all offers and inquiries to investments@promiselandrealtyllc.com. In the spirit of fostering a straightforward acquisition process, we seek reputable buyers capable of a rapid transaction without the intention of sparking a bidding war.
Closing Note: This off-market opportunity, located at 120 Ignico Dr, Warner Robins, GA, is not suited for the novice investor but is a perfect match for an experienced operator, especially one with local ties and resources ready to dedicate the necessary time and attention to fully realize the property's potential.
Property Aerial View
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All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top