SOLD
Abbey Lake Apartments
property information
- Thomasville, GA
- 152 Units
- Built 1975
description
Abbey Lake is a 152 unit apartment community constructed in 1975 and located in Thomasville, GA near the Georgia-Florida border. This is a stabilized asset with a competitive amenity package that includes a renovated clubhouse, an on-site leasing office, two pools, a dog park and a large green space. Historically, this asset has enjoyed consistent occupancy above 95%. Thomasville is the county seat of Thomas County and is intersected by three, four-lane divided highways designed to serve the two fastest growing states in the country. The municipality serves a population of 155,000. With 122 industries, it provides local jobs for 40 percent of the area population and 50 percent of total area retail sales.
strategy
Maximize rent potential and investor returns through a combination of implementing a capital improvement plan and enhancing the overall appeal and marketability of the Property in order to bring rents to established levels for this market.
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