1850 Apple Valley Dr - Apartments FOR SALE


Augusta, GA 30906- Southside
$5,500,000 USD
843-952-2295
1850 Apple Valley Dr, Augusta, GA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1850 Apple Valley Dr
Augusta, GA 30906
Southside


HIGHLIGHTS

  • Value-Add Through Renovating 15 Heavy Turn Units and 20 Light/Medium Turn Units.
  • Below-Market Rents Provide a Clear Path to Revenue Growth Through Renovations and Improved Operations.
  • Augusta’s Stable Employment Base Supports Consistent Occupancy and Long-Term Rental Demand.
  • The 76-Unit Scale Allows for Operational Efficiencies While Remaining Attractive to a Wide Investor Pool.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

76

PRICE/UNIT

$72,368

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Glen

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

122

LAND DETAILS

LAND ACRES

4.89 AC

LAND SF

213,008 SF

ZONING

B-2

APN/PARCEL ID

1341120000

ASK ABOUT THIS PROPERTY

Price BrazzelMarcus & MillichapMore Info
843-952-2295

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Price BrazzelMarcus & MillichapMore Info
843-952-2295

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.