Chateau Pointe Apartments

[Drew Taylor]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Atlanta.

Purchase price: $1,310,000
Cash invested: $400,000

Chateau Pointe is a 40 unit apartment building in Atlanta, GA. We engaged professional management and are currently making capital improvements to renovate and upgrade units and resolve deferred maintenance. We have begun bringing rents in line with the market and are expect nearly 20% reduction in operating expenses.
We estimate an average 10% or greater COC return and an average annual return of 16% or greater (upon sale) for the investors.