Colliers, as the exclusive agent, is pleased to present Platform Americus - A unique to the market, new construction multifamily investment opportunity consisting of Eighty (80) 1 and 2 bedroom apartment units averaging 470 and 720 square feet, respectively. Built in 2022/23 of wood post and beam construction and reinforced concrete slab, Platform Americus provides a potential buyer the unique opportunity to capitalize on cost segregation/bonus depreciation for FY 2023. Conveniently located to employment centers and major roadways, Platform Americus provides for easy access to historic downtown Americus which has recently undergone a renaissance merging the past and the present.
THE OPPORTUNITY: Platform Americus is a 2022 YOC, 80 unit apartment project which is located near Downtown Americus Georgia offering a strategic mix of 1 bed/1 bath and 2 bed/1 bath units
ROBUST LEASE UP VELOCITY: Platform Americus averaged 15 new leases per month during lease up period which began in late February of 2023 and ended in early July of 2023, thus demonstrating a strong market demand for new construction units.
VALUE ADD UPSIDE: Platform Americus provides an investor with a unique ability to build Two (2) additional buildings totaling 24 units (16 units and 8 units) within the existing site plan and project entitlements.
FREE & CLEAR: The property is being offered free and clear of existing debt enabling investors the ability to finance the acquisition however they see fit. Our Underwriting assumes a new 75% LTV load of 6.25% interest, fixed for 7 years with interest only payments during the initial 5 years using Fannie Mae debt.
CONVENIENT LOCATION: The subject property is located in the city of Americus, Sumter County, Georgia, approximately 140 miles south of Atlanta. The subject’s location is approximately 30 miles west of Interstate 75, the major thoroughfare between Atlanta to the north and Florida to the south. Conveniently located to employment centers and major roadways, Platform Americus provides for easy access to historic downtown Americus which has recently undergone a renaissance merging the past and the present.