Polaris at Auburn
For sale180 Parks Mill Rd, Auburn, GA 30011
Property type
Multifamily
Unit / Space count
60
Price
Subject To Offer
Building size
42,673 sf
Rentable area
42,673 SF
Year built
1988
Year renovated
Occupancy
Zoning code
Lot size
26.24 Acres
Bedroom count
Property description
Franklin Street is pleased to present Polaris at Auburn, a 60-unit apartment community located in Auburn, Georgia. Built between 1985 and 1988, the property offers a mix of one-,two-, and three-bedroom floorplans at an average size of 726 SF. Of the 60 total units, all but one have received comprehensive interior renovations to a modern standard. Following the current ownership's renovation program, the opportunity exists for a prospective buyer to benefit from the units' relative quality when compared to other properties in Auburn and capture organic rent growth through disciplined property management. Polaris at Auburn is well-positioned in a growing commuter town within western Barrow County, benefitting from both local charm and regional connectivity. The property is located near downtown Auburn, where ongoing revitalization efforts, including façade improvement grants and Opportunity Zone incentives, support long-term investment and small business growth. Residents also enjoy convenient access to major employment centers along the Highway 316 corridor and in neighboring Gwinnett County,including distribution hubs, industrial parks, and major healthcare providers. This combination of operational upside and demand drivers makes Polaris at Auburn an appealing opportunity in one of northeast Georgia’s most steadily growing suburban markets.