Multifamily Investment Opportunity
Price
$16,500,000
Exclusive Off-Market Opportunity: 200-Unit Apartment Complex Near Robins Air Force Base
Sales Price: $16,500,000
We are proud to present a unique investment opportunity in Warner Robins, GA — a 200-unit apartment complex poised for significant value-add and growth. Located just a few hundred yards from the Robins Air Force Base and at the heart of a thriving community, this property represents an exceptional chance to capitalize on below-market rents and low occupancy through strategic management and renovations.
Property Financials & Photos: https://drive.google.com/drive/folders/12b532zYC26Y_qdfq3UVd12aoUZcUNHFL?usp=share_link
Property Highlights:
Address:Â 135 Ignite Dr, Warner Robins, GA
Units:Â 200
Occupancy:Â Approximately 50%, offering a substantial upside through occupancy improvements.
Value-Add Potential:Â Moderate to heavy value-add opportunity, perfect for seasoned investors with a focus on renovations, operational efficiency, and local market leverage.
Operational Insights:Â Transitioned to in-house management in December 2023 after overcoming challenges with previous management companies. Current financials reflect underperformance due to below-market rents, uncharged RUBS, and high utility costs attributed to vacant units.
Investment Strategy:Â Ideal for investors looking for balance sheet growth, with plenty of "meat on the bone." The seller is open to creative sale structures to facilitate a swift acquisition, offering significant advantages for the right buyer.
Financial Considerations:
Sales Price:Â $16,500,000, reflecting the property's potential once stabilized.
Tax Efficiency:Â Owned in a single-purpose entity, allowing for a transaction via LLC membership interest transfer to optimize tax implications.
Improvement Plan:Â Capital improvements and management stabilization efforts are underway, aiming to normalize maintenance costs and increase operational efficiency.
Seller’s Note: As the current owner, my focus has shifted towards other development projects and business ventures. This has led to the decision to offer this property to a buyer who can bring the time, attention, and resources necessary to unlock its full potential. This is not a first-time investor opportunity but rather a chance for an experienced operator to undertake a rewarding project.
Offer Submission: For serious inquiries and to submit offers, please contact us directly at investments@promiselandrealtyllc.com. We are looking for a reputable buyer who can close quickly, with favorable terms for those able to offer a swift closing and/or a significant down payment.
Unlock the potential of 135 Ignite Dr and make it the cornerstone of your investment portfolio. Contact us today to explore this exclusive off-market opportunity.
Property Aerial View:
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
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