connect with US

Copyright © Global Property Source. All rights reserved.


OM08. Portfolio of 671 units in the southern part of Atlanta, Asking Price: $21.5M  

Portfolio purchase price of the 671 units is $21,500,000plus 2%

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 turnkey, the net operating income in the near future will be over $3,000,000

Given the $3,000,000 (+/-) NOI, the cap rate is and will be in the 13.5%-14% range

This portfolio is turnkey, 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

There should be a full price offer as the high 13% cap rate & 90% occupancy rate will bring the more experienced investor that is walking into money, the first day

More information will be disclosed after signed NDA.

Not the property for you? Go back to see more national, off market investment opportunities!