125 Walker Street, Augusta, GA, 30901

Highlights

• - 52 Units in the Greater Augusta Area
• - Portfolio includes 43 attached townhome and apartment units and 9 single-family home rentals
• - NOI of $257,940
• - 26+- Units are on Section 8 Housing
• - Significant after-repair value on single-family homes
• -Upside with many on below-market rents

Description

Sperry-Griffin Partners is excited to bring this multifamily family-owned portfolio to the market for the first time in the fast-growing market of Augusta, GA. The portfolio includes a mixture of a total of 52 attached townhome units, single and multi-level apartment units, and single-family homes. Currently, 26 units are on a well-managed Section 8, deeming guaranteed and low-risk income. Augusta's MSA population is around 630,000 residents. Augusta is most known for the Masters, the PGA's most prestigious and oldest tournament, drawing hundreds of thousands of patrons annually.

August is home to the prominent Army installation base serving approximately 40,000 active-duty personnel, their families, and civilian employees. Augusta is also home to Augusta University, a comprehensive institution known for its strong emphasis on health sciences. It houses the state's only dental college and the 13th-oldest medical school in the U.S. The university comprises ten colleges and schools, including the Hull College of Business and the Pamplin College of Arts, Humanities, and Social Sciences. With nearly 10,000 students, it offers a wide array of undergraduate and graduate programs.

North Augusta, South Carolina, is located 4 miles across the Savannah River. With a population of around 25,000, this bedroom community of Augusta, GA, and Aiken, SC, is popular for the Riverwalk, a beautiful stretch along the Savannah River with walking and biking trails. Aiken, South Carolina, is located about 20 miles to the NE. Aiken, South Carolina. Aiken has a growing population of around 30,000 residents and has a long-standing reputation as a premier equestrian destination, hosting popular events such as the Aiken Steeplechase, Polo matches, and horse training facilities.

The industry around Augusta, Georgia, is diverse and multifaceted, reflecting the city's role as a regional economic hub. Key industries include healthcare, with Augusta University Health and the Medical College of Georgia serving as major
employers. The area is also known for its military presence, centered around Fort Gordon, which contributes significantly to the local economy through defense-related industries and support services. Manufacturing is prominent, with companies in textiles, paper products, and chemicals operating in the region. Additionally, Augusta has a growing technology sector, bolstered by its designation as the U.S. Army Cyber Center of Excellence. Retail, education, and hospitality are also vital,
particularly due to the influx of visitors during events like The Masters Tournament, further supporting the local economy.

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