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Forest Ridge

75 - Units / Built in 1989

Property Highlights:

Year Built / Renovated: 1989 / N/A
Number of Units: 75 Units
Average Square Feet: 529 SF
Total Square Feet: 39,744 SF

Site Details

Site Size: Acres

Unit Features

  • Frost-free Refrigerator
  • Stove/Range
  • Dishwasher*
  • Built-in Shelving
  • Washer/Dryer Connections* (all but studio)
  • Laundry/Utility Room*
  • Patio*
  • Faux Wood Vinyl Flooring
  • Vaulted Ceiling
  • Ceiling Fan(s)
  • Window Blinds
  • (*In select units)

Community Amenities

  • Leasing Office
  • Laundry Facility
  • Mail Kiosk
  • Mature Landscaping

Investment Highlights:

  • Well-maintained, 1989-built asset with total electric units.
  • Efficient and single-story units generate high demand for housing.
  • Lack of area competition keeps occupancy high and offers potential for rent growth.
  • Opportunity to decrease expenses for typical Cardinal-style product.
  • Located at signalized intersection of heavily traveled Mike Padgett Highway (30,800 vehicles per day).
  • Within a quarter mile of one of Augusta‚Äôs busiest arteries, Interstate 520.

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Contact Information

Taylor Brown

Director - Multifamily Sales and Lending

Steve Mack

Managing Director - Multifamily Sales and Lending

Bo Brown

President and CEO