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22304327

Deshlar St, Atlanta, GA 30310

AP
GA GA 78941
Realty ONE Group Terminus
Listed by Realty ONE Group Terminus
Unpriced
447 days on market
Updated 118 days ago

Fort View Residences - Atlanta South

Details
Property Type Multifamily
Sub Type Apartment Building
Units 90
Cap Rate 6.99%
NOI $1,048,420
Occupancy 83%
Pro-Forma NOI $1,320,000
Class C
Year Renovated 2022
Buildings 10
Stories 2
Acreage 2 - 3
Zoning RG3
Parking Spaces 2 per unit
Investment Type Value Add

Significant Value-Add Potential in Atlanta's Revitalizing Southside Positioned for Robust Growth

Marketing description

Adrian Provost and the Commercial Collective, powered by Realty ONE Group Terminus, presents a compelling investment opportunity in Atlanta's rapidly evolving Southside. This newly renovated multifamily asset, comprising nearly 100 units, is strategically located within a dynamic submarket, poised to capitalize on the region's revitalization. The property offers a substantial scale and immediate income stream, coupled with significant value-add potential through strategic operational enhancements and continued market appreciation. The asset benefits from its proximity to key economic generators, cultural landmarks, and transformative developments, positioning it as a prime investment within a high-growth urban environment.

Investment highlights

  1. Significant Scale and Recent Renovations: Near-100 unit multifamily complex, recently renovated, providing immediate value and reduced deferred maintenance.

  2. Strategic Location: Positioned within Atlanta's dynamic Southside, experiencing substantial redevelopment and investment.

  3. Proximity to Major Economic and Cultural Drivers: A significant economic and cultural hub, attracting substantial investment and encouraging job growth.

  4. Renowned Entertainment Venue: Located near a well-known entertainment venue, generating consistent visitor traffic and enhancing local amenity offerings.

  5. Economic Generators:

    • Proximity to major transportation arteries, providing access to Atlanta's broader employment base.

    • Growing presence of creative industries and entertainment sector, driving demand for residential housing.

  6. Nearby Developments:

    • Ongoing revitalization efforts, including infrastructure improvements and new commercial developments.

    • Potential for future mixed-use developments, further enhancing the area's appeal.

  7. Educational Institutions:

    • Proximity to local colleges, providing a steady demand for rental housing.

    • Access to a consortium of universities, expanding the potential tenant pool.

  8. Value-Add Potential:

    • Opportunity to optimize rental rates to align with market dynamics.

    • Potential for further amenity enhancements to attract premium tenants.

    • Operational efficiencies can be implemented to increase NOI.

  9. Strong Transit Accessibility: Access to public transportation, enhancing resident convenience.

  10. Emerging Market: Positioned to capture the benefits of Atlanta's expanding economy and urban revitalization.

Listing Contacts

AP
GA GA 78941
Realty ONE Group Terminus
Listed by Realty ONE Group Terminus

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,048,420.00
$87,368.33/mo

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Additional Information

Name
Adrian Provost
License
GA 78941
Brokerage
Commercial Collective | Realty ONE Group Terminus
Title
Real Estate Broker
Brokerage Address
600 West Peachtree Street Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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