Villa North Apartments

$4,650,000

Key Information

Cap Rate

0.45%

$ per SF

$40

Tot. SF

114,586

Units

132

Year Built

1972

Type

Apartments

Occupancy

60%

NOI

$390,569

Highlights

• 40% Vacancy — significant value-add opportunity through lease-up and renovation
• 50% Occupied — 35% 2 beds / 38% 3 beds / 28% 4 beds
• Needs $3.15M in CapEx — All-In Price $7,798,000• Year 3 Stabilized Cap Rate: 9.04% | Year 1 Adjusted Cap Rate: 15.16%
• Current Monthly Rent: $84,907 | Market Monthly Rent: $149,145 — 76% Upside
• Located in Thomasville, GA — ±35 Miles to Tallahassee, FL
• Diversified local economy: Healthcare, Manufacturing, Agribusiness, Education, Tourism
• APN: 055 TH 105 | County: Thomas