Midtown Apartments

• 29-unit apartment complex in Augusta, GA that consists of 4 apartment buildings and 1 single family home

• Centrally located near the Augusta Medical District

• Potential for value-add or stabilized investment opportunity

• Located in an Opportunity Zone

• 19 of the 28 units plus the single-family home have recently been renovated

• The current owners have invested over $80,000 in Capex

• Multiple points of entry and easy access to Central Avenue

• The roofs are in good condition and new roof on Building D

• In the process of getting to 100% occupancy

• Built in 1950, Midtown Point offers investors the opportunity to invest in a quality asset far below replacement cost

• Growing population: Augusta’s population is steadily increasing, driven by Fort Eisenhower’s expansion and the growth of the cybersecurity industry.

• Low vacancy rates: The Augusta multifamily market typically enjoys low vacancy rates, especially in well-located and updated properties.

• Development: There is a moderate amount of new multifamily development, though existing properties continue to attract investors due to Augusta’s established rental market.

• Job growth: Major employers like the U.S. Army Cyber Command and healthcare facilities are fueling the local economy, contributing to housing demand.

• Investor interest: Augusta remains attractive to investors due to its affordability compared to larger metro areas, combined with a stable rental market.