Off Market = Atlanta - 515 MF Units Turnkey Portfolio - Occupancy = 90% - up to 15.9% Cap rate - Amazing Deal.
This Is A Lucrative Turnkey Portfolio With Professional Management In Place And Available To The Buyer If They Choose
Property Type = Multifamily Portfolio
Location = Atlanta, Georgia
Number of Units = 515 Units
Occupancy = 90%
NOI = 2.1M
Cap Rate = 12%
Property Condition = Completely Renovated
Asking Price = 17.6M + 5% (Firm) [The Price Is Well Under Market ]
We will need to have a fast clean closing
Value Add Opportunity.
With Professional Management In Place And Available To The Buyer If They Choose,
The Occupancy Is Extremely High Plus There Is 10% More Units To Rent.
An Additional Plus Is The Current Rents (At A 12% Cap) Are 5-10% Below Market Rent,
So There Is Lots Of Extra Money To Be Made.
This Is A Direct To The Seller Portfolio Of 515 Units In The Southern Part Of Atlanta
This Is A Lucrative Portfolio - More Value Add.
This Is A Brand New Portfolio That Has Not Been Marketed Before As A Portfolio
The Main Difference'S Now Are That His Properties Are Completely Renovated By The Seller And His Professional ReHab Team, Leased Up To 90% Portfolio Wide
Since There Is Approximately 70 Units Vacant Units That Are Completely Turn Key, The Net Operating Income In The Near Future Will Be Over $2,800,000
Given The $2,700,000 (+/-) Noi, The Cap Rate Is And Will Be In The 12% Range
This Portfolio Is Turn Key, Room To Grow As The Last 10% Of The Vacant Units Are To Leased Up To Allow The Cap Rate/Net Operating Income To Grow Substantially
All Of The Units Have Been Brought Up To Rent Ready Status
Offering Memorandum available upon request.
TO MOVE FORWARD, buyer needs to execute minimal paperwork
These properties are available as at today, but cannot guarantee availability anytime after.
"DISCLAIMER: Sender is NOT a United States (nor Canadian) Securities Dealer or Broker. Sender makes no warranties or representations as to the Buyer, Seller or Transaction. All due diligence is the responsibility of the Buyer and Seller, lender or borrower. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer. If acknowledgment is not accepted, Recipient must return any and all documents in their original receipted condition to Sender. This electronic communication is covered by the Electronic Communications Privacy Act of 1986, Codified at 18 U.S.C. §§ 1367, 2510-2521, 2701-2710, 3121-3126."
Asking Price Between $15,000,000 and $20,000,000
Sales Between $2,500,000 and $5,000,000
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