120 Units | 3 Property Multifamily Portfolio | Cordele, GA

Cordele Portfolio, Cordele, GA 31015

  • For Sale $16,950,000
  • Property Type Multi-Family
  • Property Size 139,000 SF
  • Units 120
  • Date Updated Jun 27, 2025
The portfolio is located 2 hours via Interstate from Hartsfield-Jackson Atlanta International Airport.Opportunity to acquire recently renovated typically fully occupied Class B apartment communities - 36, 36, and 48 units - totaling 120 units (operated as one property, two are adjacent within a mile of the third) in Cordele, GA situated alongside I-75, the busiest interstate in the country and a thriving transportation corridor. Offered at a 6.4% cap rate based upon current operations, 9.0% cap rate with market rents. Approximately $ 1,200,000 has been spent on renovations during the last 18 months. Approximate 109 of the 120 units have been renovated and some currently under renovation or scheduled for renovation.
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Highlights

  • 15 days to evict versus 6 months in metro Atlanta
  • Acute housing shortage. More jobs than places to live
  • Below market rents
  • Economic gateway to central South Georgia
  • Less than 2.5% vacancy in market. Typically, 95% to 100% occupied
  • Located in thriving transportation corridor
  • Valued at $17,750,000 in a recent 495 pages MAI appraisal report issued by one of the top real estate firms in the world
  • Workforce labor shortage - workforce income substantially increasing

Contacts

broker
Steve Self, MPA, CPA

Bull Realty

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Cordele, GA
  • Zip Code 31015

Points of Interest

  • Citgo

    0.37 miles

  • American Pride Gas

    0.78 miles

  • Tesla Destination Charger

    0.96 miles

  • electrify america

    1.16 miles

  • Electrify America

    1.16 miles

  • Love's

    1.68 miles

  • Circle K

    1.69 miles

  • Sunoco

    1.70 miles

  • Gas n' Go

    1.73 miles

  • Exxon

    1.73 miles

  • Rideshare

    2.81 miles

  • Motel 6

    1.43 miles

  • Quality Inn

    1.45 miles

  • Econo Lodge

    1.47 miles

  • Travelodge

    1.49 miles

  • Baymont Cordele

    1.52 miles

  • Best Western

    1.62 miles

  • Hampton Inn & Suites

    1.63 miles

  • Fairfield Inn & Suites Cordele

    1.90 miles

  • Holiday Inn Express

    1.96 miles

  • Ramada

    1.97 miles

  • Carter's Fried Chicken

    0.51 miles

  • Sonic

    0.99 miles

  • Burger King

    1.04 miles

  • Compadres

    1.08 miles

  • Hardy Farms Peanuts

    1.09 miles

  • Subway

    1.13 miles

  • 16 East Bar and Grill

    1.24 miles

  • China One

    1.26 miles

  • Dragon Buffet

    1.26 miles

  • DQ Grill & Chill

    1.31 miles

  • O'Neal Grammar School

    0.43 miles

  • Gillespie Selden Institute

    0.46 miles

  • Southview School

    0.61 miles

  • A S Clark Elementary School

    0.97 miles

  • Crisp County Pre-K

    1.00 miles

  • Southwestern School

    1.06 miles

  • Blackshear Trail School

    1.24 miles

  • Crisp County High School

    1.27 miles

  • Crisp County Area Vocational High School

    1.29 miles

  • Crisp Junior High School

    1.31 miles

Frequently Asked Questions

How much does 120 Units | 3 Property Multifamily Portfolio | Cordele, GA cost?

The space currently listed for sale at 120 Units | 3 Property Multifamily Portfolio | Cordele, GA asks for $16,950,000.

What is the total square footage of 120 Units | 3 Property Multifamily Portfolio | Cordele, GA?

120 Units | 3 Property Multifamily Portfolio | Cordele, GA totals 139,000 square feet.

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Contact Listing Broker
broker
Steve Self, MPA, CPA

Bull Realty

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