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Atlanta 30 SFR Portfolio

Atlanta MSA

30# of Units

1618Avg. Sq. Ft.

$1571Avg. Rent

16 SFR and 14 TH

Overview

High quality B+ and A- assets in hand chosen locations with an opportunity to grow rents! This portfolio was built from the ground up by a private investor that ran their own property management company. Homes were renovated upon purchase and have been well maintained for the life of their ownership. The owner is looking to retire and eliminate management responsibilities. Tenant quality is exceptional with minimal loss due do vacancy or rent loss. All leases expire in 2024 at different times.

Rents are on average 12% below market, mainly because the owners haven’t pushed rents with their multi year tenants.
We have provided estimated Capital Expenditure (Cap Ex) Numbers to provide guidance on needed updates to maximize rents.

Average rent across the portfolio is $1,570 and average stabilized rents are $1,780
Average Cap Ex Per Unit Estimate $7,700
Average Unit Price $220,000
8.53% Gross Yield/ 5.5% Cap Rate at Ask

Seller would like to sell all in one shot, and will be more negotiable on price if those offers are presented.
Open to cherry picking as well, all offers will be considered.

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