Viewpoint Villas

Property Description

Viewpoint Villas presents a compelling opportunity to acquire a stabilized asset in Butts County, Georgia, a region poised for substantial economic growth following Amazon’s recent announcement of an anticipated $11 billion investment in data center infrastructure. This well-maintained community, constructed in 2007, features 62 spacious townhomes (part of a 77-unit development) averaging 1,360 square feet, with desirable three- and four-bedroom floor plans. Each unit boasts modern conveniences such as in-unit washer/dryer connections, open-concept layouts, and 2.5 bathrooms. Further enhancing its appeal, the property has benefited from recent capital investment, including new roofs installed in 2020 and interior modernizations in 55 units. 7 units are ripe for easy enhancements to flooring, countertops, and paint schemes. Offering a combination of immediate cash flow and upside potential, Viewpoint Villas allows a new investor to acquire a majority stake in the community with the opportunity to strategically expand their portfolio by purchasing additional units as they become available. This, coupled with the area’s anticipated growth, positions this asset for long-term value appreciation.WELL MAINTAINED, TOWNHOME ASSETBuilt in 2007, Viewpoint Villas offers spacious three- and four-bedroom fee simple townhomes with an average of 1,360 square feet. The community features 12 buildings, with each townhome boasting two-and-a-half bathrooms and open floor plans, catering to today’s renter preferences and drive strong occupancy and retention.PROPERTY FUNDAMENTALSThe asset consists of desirable construction elements such as total electric individually metered utilities, full-size washer and dryer connections, low maintenance vinyl siding exteriors, pitched roofs with newer architectural shingles (2022), energy efficient double pane windows, and dedicated parking spaces.SIGNIFICANT VALUE-ADD OPPORTUNITY THROUGH UPGRADESWhile 55 townhome features some level of modernization, a new owner can significantly enhance value and achieve premium rental rates in these units with a targeted upgrade program. High-impact improvements such as stainless-steel appliances, upgraded lighting, modern faucets, stylish kitchen backsplashes, and premium shower rods elevate the aesthetic appeal and functionality. Adding highly sought-after privacy fences further enhances value and creates a distinct competitive advantage, allowing for immediate rent increases.LIMITED COMPETITION AND PROVEN DEMANDThe property benefits from a unique position within the submarket, offering three- and four-bedroom floorplans with no direct market-rate competition. Coupled with limited new apartment construction planned in the area, this translates to sustained occupancy and minimal vacancy, as validated by current management. This scarcity dynamic reinforces the long-term stability and desirability of the asset.STRATEGICALLY LOCATED WITH RAPIDLY GROWING ECONOMIC BASEViewpoint Villas is located in Jackson, GA, in Butts County, just 35 minutes north of Macon and 45 minutes south of Atlanta. Amazon has announced plans to invest an estimated $11 billion to expand its infrastructure in Butts County which is poised to become the largest corporate investment in state history. The city of Jackson has a low crime rate and is considered to be one of the top 20 safest cities in Georgia.