100 Georgia Place
- 11 units (6× 1BR, 5× 2BR) · 7,201 SF · two buildings
- 100% occupied — the portfolio's only fully-leased asset
- Spring 2026 leases signed at the top of the property's range prove the market
- ~6% loss-to-lease captured through renewals alone — no renovation required
- ~$84,700 reinvested since 2025 (roofing and unit repairs)
- Pro forma built on actual 2025 taxes ($1,487) and actual in-force insurance
- 8.6% Year 1 cap · 1.29x DSCR at 75% LTV / 6.5% / 20-yr
- Offered standalone or within the 3-property Poteau Apartments Portfolio
Property Description
Eleven units — six one-bedroom and five two-bedroom — across 7,201 rentable square feet in two buildings at 100 Georgia Place. The property is 100% occupied on the current rent roll, the only fully-leased asset in the portfolio, with three new leases signed in spring 2026 at the top of the property's range establishing the achievable market. Current ownership has reinvested approximately $84,700 since 2025 in roofing and unit repairs, and the pro forma carries actual 2025 property taxes and the actual in-force insurance premium rather than estimates. With rents roughly 6% below market, the buyer's path is simple: hold occupancy and mark rents to market as leases renew. 100 Georgia Place is offered standalone or as part of the three-property Poteau Apartments Portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $625,000 |
| No. of Units: | 11 |
| Opportunity Zone: | No |
| Price per unit: | $56,818 |
| Property Website | Click Here |
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