Value-Add Opportunity | 41 Units | 7% Cap Rate
Value-Add Opportunity | 41 Units | 7% Cap Rate
Marketing description
This 41-unit value-add multifamily on the bustling westside, is awaiting your cosmetic improvements to raise rents and create instant equity. All of the units are in average condition allowing for significant upside as units turnover, implementing a light value-add strategy.
Most all of the units are spacious townhouse style floorplans making them great for those wanting separation between tenants above in a typical flat style apartment building. In addition, these feel like homes with up front parking and walk-up entrances with private rear patios. With Marta nearby and easy access to I-285, one can get to nearby attractions like Truist Park, Cumberland Mall, Atlanta Int’l Airport and downtown Atlanta within minutes.
Investment highlights
All spacious 2-story, 2 bedroom / 1.5 bath townhouse style units with exception of one 3-bedroom flat
All 2-bedroom units have large eat-in kitchens with private rear patios
Attractive Assumable Debt at 62% LTV, 3.49% interest fixed until 1/1/2029. Call agent for more details
All electric units with central HVAC
Onsite laundry room
Onsite workshop / maintenance area for staff
Ample off-street surface parking
Common area greenspace for use by all tenants
Gentrifying area of town inside I-285 with several new developments nearby
Easy access to I-285, within 15 minutes of Truist Park (Braves Stadium) and 20 minutes of Atlanta Hartsfield Int’l Airport
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