Midtown Apartments

1927 Central Avenue, Augusta, GA 30904

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 $67,000 in Capex
Multiple points of entry and easy access to Central Avenue
The roofs are in good condition
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.

Lee Malchow

Office: