Auction – February 16-18
820 university dr
fort valley | GA | 31030
36
Units
144
BEDS
1999
Built
INVESTMENT HIGHLIGHTS
Underserved Student Housing Market:
Villas on 8 is the only premier, off- campus housing option for FVSU students within 13.5-mile radius
Prime University Location:
The property offers exceptional walkability to the university, providing students with convenient, car-free access to campus facilities and events
Value-Add Opportunity:
New owner has the opportunity to renovate the remaining 18 units to a premium level
Opportunity to Push Rent to Market:
Competitors’ rents outpace subject’s in-place rents by $108
Premium Asset Available Below Replacement Cost:
Constructed in 1999, Villas on 8 presents an excellent opportunity to acquire a high-quality, well-maintained asset ($24,088/unit invested in capital improvements) at a price significantly below replacement cost
Growing Economy:
Fort Valley State University and Blue Bird Corporation are key economic anchors, employing approximately 4,100 people; additionally, population growth adjacent to the property is projected to be 10.7% through 2034
Property Description
- Property Name
- Address
- City, State, Zip
- County
- Units
- Built
- Buildings
- Stories
- Density
- Site Acerage
- Total Rentable SF
- Average Unit SF
- Exterior
- Roof
Amenities
Unit Amenities
- 9-Foot Ceilings
- Wood-Style Flooring
- Black Appliances
- Fully Furnished
Community Amenities
- Shuttle to FVSU Campus
- Business Lounge with Free Printing
- Private and Group Study Areas
- Fitness Center
- Picnic and Grilling Area
Photo Gallery
Contact Us
Berkadia Atlanta
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
T: 404.445.2600 | F: 404.445.1065
Investment Sales
Ian Shaw (LEAD)
Director
404.654.2347
[email protected]
Mike Riley
Senior Director
470.681.1389
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Andrew Mays
Senior Managing Director
404.445.1067
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GA #238374
Paul Vetter
Senior Managing Director
404.445.1068
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GA #261596
Judy MacManus
Managing Director
404.654.2074
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GA #262140
Matt White
Managing Director
404.445.1070
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GA #348245
Scott Bray
Managing Director
678.388.2507
[email protected]
GA #436413
Mortgage Banking
Richard Levine
Senior Managing Director
404.654.2590
[email protected]
John Bray
Senior Managing Director
404.654.2595
[email protected]
Josh Finley
Managing Director
404.654.2594
[email protected]
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