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Cash on Cash
PINES OF LANIER
TRUE VALUE ALTERNATIVE IN THE MARKET
#1 METRO AREA GROWTH POTENTIAL NATIONALLY
This fantastic, value-add opportunity consists of 157 units, primed for upgrades.
Ideally positioned to benefit from future income growth by upgrading the existing units with a light interior renovation package and enhancements to the amenity set to reflect those of the competitive market set.
There is a lot of properties at the upper end (Class A) but slim pickings in the Class B space which allows the Project to stand as a true value alternative in the market
Located in the Atlanta, GA area which is the #1 Metro Area
for Economic Growth Potential Nationally
- Current Occupancy: 99.4%
- Units: 157
- Purchase Price: $17,800,000
- CapEx: $1,300,000
- Current Rents: $703 average
- Projected Rents: $918 average
- Targeted Hold Period: 2-5 Years
Address deferred maintenance by upgrading the existing units with a light interior renovation, updating appliances, improving the pool area, the dog park, landscaping and signage.
Leverage a local Property Management group who has a proven track record of success in the area.
By making these upgrades and addressing management issues, rents will quickly rise to market value.
Multifamily Market Snapshot
4.3% Vacancy Rate
22.5% YOY Rent Growth
Atlanta’s Growth Continues
- #1 Most-Traveled Airport in the World
- #1 Moving Destination in the Nation
- #1 Metro Area for Economic Growth Potential
- #1 City for Availability on Internship
Gainesville Corridor By The Numbers
2.6% Unemployment Rate
89.6% Cost of Living Index
#6 Best Performing Small Metros in 2020
Don’t wait too long, this sponsor’s previous deals were
oversubscribed within days after the webinar launched!
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This is only Available to Accredited Investors.