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33346724

3 Locations

JC
GA 342868
Coldwell Banker Commercial Premier Real Estate
Coldwell Banker Commercial Premier Real Estate
Listed by Coldwell Banker Commercial Premier Real Estate
$9,995,000
1 day on market
Updated 1 day ago
Opportunity zone

Courlley Multi-Family Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 51,356
Units 1
Cap Rate 8.00%
Occupancy 94%
Tenancy Single
Pro-Forma Cap Rate 7.96%
Pro-Forma NOI $796,005
Broker Co-Op True
Class B
Year Renovated 2021, 2023, 2024, 2025
Buildings 7
Stories 2
Zoning Multi-family
Parking Spaces per unit
Investment Type Stabilized
Ownership Private

The Courlley Portfolio | 141 Units | South Georgia Affordable Housing Portfolio

Marketing description

The Courlley Portfolio presents a rare opportunity to acquire 141 units of stabilized affordable housing across three South Georgia markets for $9,995,000, equating to approximately $70,887 per unit. Comprised of Courlley Court in Adel (36 units), Courlley Court II in Valdosta (40 units), and Courlley 303 in Albany (65 units), the portfolio offers immediate scale, geographic diversification, and reliable cash flow supported by Housing Choice Voucher (HCV) and state-funded rental assistance programs.

Currently operating at approximately 94% occupancy, the portfolio generates $102,052 in monthly rental income with projected market rents of approximately $110,276 per month, providing investors with both stable in-place income and meaningful revenue growth potential. A substantial portion of rental income is derived from government-backed payment sources, helping reduce collection risk and income volatility compared to conventional multifamily investments.

Ownership has invested significantly in renovations, modernization, and capital improvements throughout the portfolio, creating a collection of well-maintained assets positioned for long-term performance with limited near-term capital requirements. The portfolio benefits from operational efficiencies associated with regional scale while maintaining diversification across three established South Georgia markets.

The region's economic base is supported by healthcare, education, manufacturing, logistics, agriculture, and government employment, driving consistent demand for quality affordable housing. The Courlley Portfolio is ideally suited for affordable housing operators, family offices, private investors, 1031 exchange buyers, and institutional groups seeking a stabilized platform with proven operations and durable cash flow characteristics.

To further facilitate a transaction, ownership may consider providing up to $1,000,000 in seller financing for qualified buyers, subject to creditworthiness, structure, and mutually agreeable terms. This flexibility may provide a significant advantage in today's financing environment and enhance overall investment returns.

Opportunities to acquire a portfolio of this size and quality are increasingly limited, particularly where a significant portion of rental income is supported by Housing Choice Voucher and state-funded rental assistance programs. The combination of scale, occupancy, government-backed revenue, recent capital improvements, seller financing availability, and market rent upside creates a compelling risk-adjusted investment opportunity.

Principal member of selling entity is a licensed real estate broker in Georgia.

Investment highlights

Government backed leases. Seller financing available to qualified buyers at negotiated terms.

Listing Contacts

JC
GA 342868
Coldwell Banker Commercial Premier Real Estate
Coldwell Banker Commercial Premier Real Estate
Listed by Coldwell Banker Commercial Premier Real Estate

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Additional Information

Name
John Courson
License
342868
Brokerage
Coldwell Banker Premier Real Estate
Brokerage Phone
229-244-3535
Brokerage Address
1616 Norman Drive
Name
Autumn Wibright
License
452708
Brokerage Phone
2292443535
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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