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Georgia Multifamily Property

9 Asset Portfolio

After Renovation rents @ 100% occupancy
1,300 Doors,   9 properties remaining
$889,400 per month total Rent
$10,672,800 Annual Rent
@ 90% occupancy NOI = $5,673,312.

The portfolio consists of ten (10)  properties totaling 1,300 units. These assets are located In  Albany, Macon, and Warner Robins, Georgia.  The seller has spent $19 million in CAP X  to reposition all ten properties. All exteriors have been upgraded, including new roofing on 9 of the 10 properties, paint, windows, doors, signs, lighting, landscaping, all new parking lots, all pools were redone, leasing offices upgraded. All properties were stripped of under-performing tenants and staff and are currently professionally managed in house. All upgraded interiors are modern, clean, and fresh. We use modern grey paint/white trim color scheme, black appliances, new cabinets, new vanities, brushed nickel hardware throughout,  flooring, low flow toilets/faucets, etc.



Student Housing in 

Atlanta, Georgia      

 

Price Asking: $11,400,000.00
Units: 42
Built: 2004
Avg Rents  sqft $1.65
Rent: $592
Occupancy: 100%

Amenities:
• Clubhouse/Leasing Center
• Exercise Room
• Grilling/Picnic Area
• Piano Room
• Resident Lounge
• Sprinklered Buildings
• Valet Trash Service





Student Housing in Georgia


Property Description:
Year Built 1992 
Total Units 50 Avg Rent $916
Total Beds 115 In-Place Rent $858
Type TH Occupancy 98%
SF 53,000 Site Size 3.76 Acres

Property Details:
10 Residential Buildings
2-Story
Exterior Walls / Façade Brick
Roofs Pitched, shingles
Washer / Dryer Connection in all units