100964 . 38 Home SFR Cartersville, GA

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100964 . 38 Home SFR Cartersville, GA, Cartersville, GA 30120

Visit www.SFRhub.com and search for portfolio 100964 for more information.
Significant opportunity to purchase an SFR package 42 miles from downtown Atlanta, the #2 rental market in the country  
Value add opportunity with plenty of room for rent increases 
Currently, over 97% occupied with fully vetted tenants and no delinquencies 
Low housing supply driving value growth and rental growth 
The median home price in Cartersville is $226,700 compared to the average ask price per unit of $171,053 per unit of this portfolio  
Portfolio well maintained and self-managed by local owner 
Strong in-place cashflow with achievable rental increases 
The portfolio has a year 1 stabilized cap rate of 6.81%   
The portfolio has a year 1 stabilized  gross yield of 9.48% 
Predicted rent growth in neighboring Atlanta expected to be 7.7% through 2022 
Leveraged Year 1 IRR of 30.10% 
Year 1 NOI at stabilization $442,517 
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Property Description

Sean Thomas
Senior Investment Advisor
SVN | SFRhub Advisors
T: 602.675.1408
License #: SA116826000

Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
License #: BR507919000

SVN | Interstate Brokers
John L Johnson
Managing Director

Visit www.SFRhub.com and search for portfolio 100964 for more information. 

This 38 home SFR investment portfolio offers an investor a significant opportunity in the exceedingly strong and sought-after Georgia housing market. These well-positioned homes offer a strong in-place yield with room for rental increase upside. The portfolio includes 31 single-family detached homes, 3 duplexes, and one nice mobile home property. This offers a variety of floor plans ranging from 802 SF to 1,685 SF. This portfolio is over 97% occupied with zero delinquencies with most tenants being long-term. The portfolio is well maintained and self-managed by the current local owner. The current owner has handled all the repair and maintenance through his contracting company. The current owner knows the properties very well and has an intimate knowledge of the local community. The portfolio has consistently operated at 100% occupancy and any turnover is absorbed quickly with a host of backup renters. 

The opportunity to purchase a stable portfolio of homes in a market just 42 miles northwest of downtown Atlanta, GA is unique. Cartersville and neighboring Atlanta are both fast-growing areas continuing to see a low supply of homes on the market. This is an excellent opportunity for an investor to purchase in bulk with immediate cash flow and very achievable revenue growth.  


Key Property Information

Listing Status
Multifamily type
Single Family Rental Portfolio
No. of Units
Average Occupancy
Year Built
Building Size
427,419 Sq ft
Lot Size
540,861.00 sq ft
Opportunity Zone
Buy Side Fee

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