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Multifamily in the Nation’s 2nd Hottest Market
Located 6 miles from downtown Atlanta, 4 miles from ATL Airport, and 1/4 mile from a planned new MARTA station, this 170-unit value-add multifamily in Atlanta was acquired below market and is poised to benefit from renovations by an experienced, local sponsor team.
THE DEAL
Near Fort McPherson $650M redevelopment, Six West $1.5B mixed-use redevelopment, Atlanta Hartsfield-Jackson International Airport, and Fulton Industrial District, the largest industrial district in the Eastern United States.
Improvement opportunity
Acquired with rents 20% below market rate with renovations planned for 78% of units, yielding $438k in annual income post-renovation.
Bet on Atlanta
Atlanta MSA is 3rd in the nation for Fortune 500 companies, with 18 F500 companies and more inbound. The MSA is also the 2nd most invested multifamily market nationwide.
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