The Le Mans Apartments community, located at 415 Northside Drive in the growing city of Valdosta, Georgia, presents the market with an excellent opportunity to acquire a high-occupancy apartment complex with value-add upside. The property spreads eight buildings, including seven with units and one dedicated leasing office. Overall, 56 units on the property come in three-, two-, and one-bedroom layouts, appealing to a wide range of potential renters, including families. Units include spacious living areas, private bedrooms, storage, and a full kitchen range with a dishwasher. The garden-style apartments are currently 83.33% leased, offering new ownership immediate cash flow with a committed tenant roster. The complex offers value-add upside via the lease-up of the remaining available units and the gradual improvement of units to raise rents to the premium market levels in Valdosta.

Located in the heart of South Georgia, Valdosta is a vibrant community and the home of Valdosta State University, a 12,000-student public university. The college not only brings the community together for cultural events, football games, and education, but it also helps to provide an excellent landscape for apartment complexes to serve the student body's housing needs. Valdosta hosts a bevy of year-round events for the community, including the famous Azalea Festival hosted to honor the city's gorgeous flower-filled landscape. The Le Mans Apartments are in a prominent commercial corridor of the city, with nearby amenities such as Walmart Supercenter, Winn-Dixie, Big Lots, Publix, and more, providing easy access to daily needs shoppers for the renters in the community. Demographics in this area include a growing population of 75,000 people within a 5-mile radius around the property. This population earns roughly $55,000 per household annually and heavily favors renting versus home ownership. Nearly 57% of the population currently rents as their primary form of living accommodations, creating incredible demand for available units.

Do not miss the opportunity to acquire the Le Mans Apartments complex, which provides new ownership with turnkey cashflow and value-add upside.

Property tours are available by appointment only. Please contact the broker to schedule.