The Oaks at Carpenter 101 Oak Forest Ln 170 Unit Apartment Building For Sale Tifton, GA 31793

101 Oak Forest Lane presents the opportunity to acquire a high-occupancy multifamily portfolio consisting of 170 apartment units developed across multiple phases between 2004 and 2020. The property includes 42 units constructed in 2004, 50 units developed between 2010 and 2016, and an additional 78 units completed between 2017 and 2020, providing investors with a diversified asset base that benefits from a combination of established operations and newer construction.
The community is currently operating at approximately 98% occupancy, while competing properties within the immediate market reportedly maintain vacancy levels below 3%. Recent rent increases implemented on two- and three-bedroom units demonstrate continued leasing demand and provide evidence of the property's ability to capture market rent growth. Located in the West and Northwest Tifton submarket on the west side of Interstate 75, the community benefits from convenient access to regional transportation corridors, retail destinations, Abraham Baldwin Agricultural College, and nearby educational institutions while maintaining a residential setting that appeals to a broad tenant base.
The investment offers multiple opportunities for future revenue enhancement. All 170 units include washer and dryer equipment, creating the potential to implement a utility or appliance-related fee program that is not currently being utilized. Additional upside may be achieved through modernization of pet fee structures and other ancillary income sources. Operational efficiencies may also be realized through reductions in management expenses, normalization of professional service costs, and anticipated property tax adjustments following acquisition.
The offering is further distinguished by attractive financing flexibility. Existing Fannie Mae debt with a 3.13% interest rate and a November 2030 maturity is available for assumption on a majority of the units, while a portion of the property remains unencumbered, providing buyers with additional capital structure alternatives.