Tifton Apartments — Sale in Tifton, GA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Tifton, GA 31793
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Description
Marcus & Millichap is proud to present “The Tifton Apartments Portfolio”, a 3-property offering situationally adjacent to, and contiguous with each property, consisting of 170 market-rate apartments with: 42 units built in 2004, 78 units built between 2017 and 2020 50 units built between 2010 and 2016. The Portfolio is currently 98% occupied, (historically higher) and the direct comparative property vacancies are at sub 3.0% Located in Northwest Tifton, on the west side of I-75, the properties have a laid back, safe, country feel with an upscale location near great retail and a university and college. Offered with new, assumable Fannie debt at 3.13%, due Nov. 2030. Current Balance - $10,250,000 There is mortgage on 150 units and 20 units are free and clear. Investment Highlights: • 98% Occupied with Room to Raise Rents Immediately Rents were just raised on July 1 • Excellent Location and Market Reputation for Great Place to Live • Assumable Fannie Debt at 3.13% due Nov. 2030
Market Context
This multifamily in Tifton, GA is listed for sale. Compare it against other multifamily listings for sale in Tifton, GA — view the full market.
Contact
- John Brigel · (813) 387-4785 · john.brigel@marcusmillichap.com
- John Leonard · (678) 808-2700
- Garrett Fierstein · (407) 557-3862 · garrett.fierstein@marcusmillichap.com
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