Stadium Place 223 Lanier Dr 84 Unit Apartment Building $9,314,028 CAD ($110,881 CAD/Unit) 6.14% Cap Rate Statesboro, GA 30458

Aline Capital is pleased to present the exclusive listing of the 84-unit Stadium Place apartment community located in Statesboro, Georgia. The property provides steady in-place cash flow while offering meaningful rental upside. Current average rents of $787 remain below the projected market rent of $925, a premium of $138 with select units already hitting $895 demonstrating proven demand and a clear path to revenue growth. Tenant demand is supported by the property’s proximity to campus, affordable positioning, and a diverse resident base that includes students, university staff, healthcare workers, and other local employees.
Statesboro’s economy is supported by several major employers, including Georgia Southern University, East Georgia Regional Medical Center, Briggs & Stratton, Walmart Distribution Center, and Great Dane Trailers. The city has experienced steady population and job growth driven by its education, healthcare, and industrial sectors. Continued infrastructure improvements and local investment initiatives have further strengthened economic stability and long-term housing demand.
Stadium Place offers consistent occupancy and dependable income while presenting investors with a proven opportunity to capture additional upside through continued rent optimization.
Market Position and Growth Potential
Stadium Place Apartments is located in close proximity to Georgia Southern University, retail centers, grocery stores, and public transportation. Statesboro Economic Growth – As a major regional hub anchored by a 26,000-student university and expanding industrial employers, Statesboro continues to see population and job growth, supporting longterm housing demand.
Investment Overview
Originally developed to serve the demand from both student and local workforce renters, Stadium Place offers a blend of affordability and strategic location. The community benefits from a reliable operating history and minimal capital needs, supported by modernized 1-bedroom units.
Recession-Resilient Location
Statesboro’s mix of higher education, healthcare, and logistics jobs supports ongoing housing demand in various economic cycles.
Modern Interiors
Units feature updated finishes with market rents at $895, offering tenants an affordable yet clean and functional living space. All 84 units are 1-bed/1-bath, each approximately 650 SF, ideal for students, singles, and young professionals.