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Sherwood Glen 1850 Apple Valley Dr 76 Unit Apartment Building $5,500,000 ($72,368/Unit) Augusta, GA 30906
INVESTMENT HIGHLIGHTS
- Value-Add Through Renovating 15 Heavy Turn Units and 20 Light/Medium Turn Units.
- Augusta’s Stable Employment Base Supports Consistent Occupancy and Long-Term Rental Demand.
- Below-Market Rents Provide a Clear Path to Revenue Growth Through Renovations and Improved Operations.
- The 76-Unit Scale Allows for Operational Efficiencies While Remaining Attractive to a Wide Investor Pool.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Sherwood Glen, a 76-unit multifamily investment opportunity located in Augusta, Georgia. Constructed in 1989. Augusta’s diverse employment base and steady population drivers continue to underpin consistent rental demand. The Augusta apartment market recorded one of the nation’s largest revenue increases in September 2025. At 5.2%, annual revenue growth in Augusta, which has about 34,100 existing units, ranked #4 among the nation’s 150 largest apartment markets and was the highest increase across the Southeast. With its blend of affordability, economic diversity, and development momentum, Augusta stands out as a strong alternative to saturated primary markets.
Sherwood Glen offers a compelling value-add opportunity with in-place rents below prevailing market levels, providing investors a clear path to increasing net operating income. Upside can be achieved through strategic interior renovations, improved curb appeal, and more efficient property management practices, all of which can support higher rental rates and enhanced tenant retention. Select capital improvements and operational enhancements allow a new owner to modernize the asset while maintaining strong occupancy, positioning the property for sustained cash flow growth, improved operating margins, and long-term appreciation.
Sherwood Glen offers a compelling value-add opportunity with in-place rents below prevailing market levels, providing investors a clear path to increasing net operating income. Upside can be achieved through strategic interior renovations, improved curb appeal, and more efficient property management practices, all of which can support higher rental rates and enhanced tenant retention. Select capital improvements and operational enhancements allow a new owner to modernize the asset while maintaining strong occupancy, positioning the property for sustained cash flow growth, improved operating margins, and long-term appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,500,000 | Building Class | C |
| Price Per Unit | $72,368 | Lot Size | 4.89 AC |
| Sale Type | Investment | Building Size | 39,744 SF |
| No. Units | 76 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1989 |
| Apartment Style | Garden | Parking Ratio | 1.52/1,000 SF |
| Zoning | B-2 | ||
| Price | $5,500,000 |
| Price Per Unit | $72,368 |
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.89 AC |
| Building Size | 39,744 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | B-2 |
AMENITIES
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Carpet
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 302 |
| 1+1 | 49 | - | 576 |
| 2+1 | 4 | - | 864 |
| 2+2 | 3 | - | 768 |
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PROPERTY TAXES
| Parcel Number | 1341120000 | Improvements Assessment | $1,204,210 |
| Land Assessment | $88,020 | Total Assessment | $1,292,230 |
PROPERTY TAXES
Parcel Number
1341120000
Land Assessment
$88,020
Improvements Assessment
$1,204,210
Total Assessment
$1,292,230
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Sherwood Glen | 1850 Apple Valley Dr
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