2819 Rainwater Rd - Apartments FOR SALE
Tifton, GA 31793 |
$15,299,000 USD
503-953-0085
2819 Rainwater Rd
Tifton, GA 31793
HIGHLIGHTS
- New construction (2024): Contemporary, energy-efficient units with minimal near-term capital needs
- Fully Stabilized: Achieved 100% occupancy within months of completion, demonstrating immediate operational stability
- BTR/Garden-Style Hybrid: Combines single-family appeal with professional multifamily management for strong tenant retention
- Class A Finishes: Units feature stainless steel appliances, granite countertops, hardwood floors, and walk-in closets
- Strategic Location: Near Abraham Baldwin Agricultural College with convenient access to retail, healthcare, and business centers
- Long-Term Upside: Positioned for appreciation as Tifton’s population and economy continue to grow
OVERVIEW
Marcus & Millichap is pleased to present for sale Stone Ridge Cottages in Tifton, Georgia. Stone Ridge Cottages is a newly constructed, fully stabilized 77-unit build-to-rent (BTR) and multifamily hybrid community, completed in 2024. This community blends single-family cottage-style living with multifamily operational efficiency, meeting the growing demand for quality rental housing in Tifton, Georgia.
FOR SALE DETAILS
PRICE
$15,299,000 USD
PRICE/SF
$191 USD /SF
# OF UNITS
77
PRICE/UNIT
$198,688
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Stone Ridge Cottages
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2024
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.76 AC
LAND SF
294,535 SF
ZONING
-
APN/PARCEL ID
0045A-186
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503-953-0085
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503-953-0085
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