101107 . 6 Townhomes SFR and 20 Developed Lots Atlanta GA

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101107 . 6 Townhomes SFR and 20 Developed Lots Atlanta GA, Atlanta, GA 30314

Pro Forma rates are calculated from the 6 townhomes
Significant opportunity to purchase an SFR/ BFR package in one of the top rental markets in the country
Very low supply of inventory on market, enabling rent growth & high occupancy 
Seller is in the process of obtaining “resurrected permit” required to build same footprint as existing townhomes
Achievable upside with in-place rents well below market and the ability to build out lots
Renter-occupied households in Atlanta account for 50% of the total occupied housing units in the metropolitan area
Multiple exit strategies are available
Strong in-place cash flow with achievable rental increases
The existing townhome’s average monthly rent is $1,767 approx. $1,100 below market
Average Offer Price Per Home of $528,943
The average price per Sq. FT on the existing townhomes is just $215
20 completely developed lots adjacent are ready to build
New construction townhomes in the area with similar square footage are selling in the high 700s
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Property Description

Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:
SVN | Interstate Brokers
John L Johnson
License #: 155996

Visit www.SFRhub.com and search for portfolio 101107 for more information. Introducing a high-quality single-family portfolio that includes 6 townhomes and 20 developed lots that are ready for build. The opportunity is located in the City of Atlanta and is approx. 1 mile from a new Microsoft campus. Atlanta is the most populous city in Georgia and the 8th-largest metropolitan area in the country. Atlanta is an extremely attractive renter’s market where 50% of the households rent rather than own. The portfolio has two components. First, 6 existing 3-Bedroom townhomes with desirable floorplans. The average square footage of the 6 townhomes is 2,459 SF. The second component is 20 adjacent developed lots ready for build. This portfolio offers an instant cash-flowing asset with very achievable upside through existing below-market rents and the ability to develop new products. The Atlanta market is ranked #2 for total renteroccupied single-family homes. According to John Burns Real Estate Consulting, the Single-Family Rent Index growth rate rose by 11.3% in March 2022 and predicted continued growth through December of 2023 at 5.0% YOY. The John Burns data also reported Existing Home Values growth of 25.5%, Apartment Rent Growth of 17.0%, and Employment Growth of 6.7%. Atlanta offers a fantastic quality of life. Houston is home to professional sports teams in the NBA, MLB, and NFL. Atlanta has a thriving business economy and has been ranked by Forbes as one of the best places for business and careers in the U.S. Also, Livability.com reports massive growth in tech job offerings, and the numerous high-profile startups in the city are “proof-positive” that Atlanta is the perfect city for the tech-minded.

Key Property Information

Listing Status
Unavailable
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
No. of Units
6
Average Occupancy
100%
Year Built
2007
Building Size
14,754 Sq ft
Lot Size
6,970.00 sq ft
Opportunity Zone
No
Buy Side Fee
50%

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