OFF MARKET - 867 MULTI-UNIT LISTING - ATLANTA, GA

[Jensen Jeune]

1. 444 APARTMENT UNITS ON 20 ACRES @ Atlanta, Georgia 30354

The property is currently 13% occupied with 364 “down” units which can be brought on line for between $5,000 and $12,000 each. Estimated total renovations of $3,000,000.

Priced at $6,000,000 price, $13,500 per unit

$12,000,000 after rent up value

The subject property is a 500,000 +/- sq. foot apartment complex consisting of twenty-seven brick and siding buildings in a chalet style. The majority of the units are large two and three bedroom units, many of them town homes. The complex is gated with a security booth and can be set up as a full security building. The complex sits on twenty-two flat acres, off the main street. The project is in close proximity to the Hartsfield / Jackson international Airport and other major employers and is in high rental demand. The current rents are well below market, and the property will benefit greatly from new management. The property is generally in average condition but could benefit from a moderate face lift like exterior paint, shutters, landscaping.

2. 255 APARTMENT UNITS ON 20 ACRES @ Decatur GA. 30034

Offered at below market value price of $6,500,000, at $25,500 per unit

After renovation value of $8,000,000

The subject property is a 255,000 sq. ft gated community with security guard and booth complex consisting of fifteen vinyl and wood siding buildings. The units have a strong mix of mostly two bedrooms and three bedroom apartments. The complex sits on twenty flat acres, at the end of a long private road off of the main street. The project is in close proximity to the DeKalb Mall, other major employers, public transportation, and is in high rental demand.

The property is 25% occupied. The current rents are well below market, and the property will benefit greatly from new management. The property is in average condition and not in a position to receive conventional financing.

3. 168 APARTMENT UNITS ON 8 ACRES @ Atlanta GA. 30311

Asking Price: $3,000,000 ($17,850 per unit) 

All units are vacant and in a need of renovation. The after repair / rented up value is conservatively estimated at $ 7 ,500,000

The subject property consists of 13 brick and siding buildings totaling nearly 168,000 square feet of living space on 8 acres. The units are all huge two bedrooms one bath apartments of approximately 1000 sq ft each. The property is in a very quiet neighborhood, less than ten minutes from downtown Atlanta and Hartsfield / located in a very quiet neighborhood, less than ten minutes from downtown Atlanta and Hartsfield / Jackson international Airport. The property is in close proximity to schools, shopping, and transportation. The immediate neighborhood is stable and nice, consisting of single family homes and small income producing properties. The property is within five minutes of Interstate 285, and a short walk to bus lines. The closest project to the subject is a large condominium complex that is well maintained and fully occupied.

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An NCND/MFA with a Biography, non-binding Letter of Intent and/or non-invasive Proof of Funds (2 of 3 will be sufficient) are the prerequisites that need to be submitted in order for additional details to be released to prospective clients.