|Price/Rent PSF||$ 4,234,000.00|
|SQ. FT. Available||18,960|
Sandy Springs is a city in northern Fulton County, Georgia, United States, and part of the Atlanta metropolitan area with an estimated population of 106,739 in 2017. Sandy Springs is one of the more educated communities in America, with a full 60.70% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%. The per capita income in Sandy Springs in 2010 was $53,257; this equates to an annual salary of $213,028 for a family of four. 53% of people in Sandy Springs choose to rent, including single-family detached homes at 33.85%. The Atlanta MSA is home to a flourishing business environment and modern infrastructure.
Georgia is known for beautiful beaches and other natural resources that both residents and visitors seek out. Once the cultural and economic capital of the Antebellum South, Georgia today is the epicenter of the “New South.” The Hartsfield-Jackson Atlanta International Airport is not only busy, but it headquarters numerous large corporations, including Delta, Home Depot, United Parcel Services, Equifax, SunTrust Banks, Newell Rubbermaid and of course, Coca-Cola. Currently, 20 Fortune 500 companies are headquartered in Georgia, with 18 of them in Atlanta. In 2017, Georgia had a per capita personal income (PCPI) of $44,145. In 2017, Georgia current-dollar GDP was $554.3 billion and ranked 9th in the United States and had an increase of 2.7 percent from 2016-2017.
This is a 10 Home Single Family Rental investment portfolio in Sandy Springs Georgia. Sandy Springs is a markedly affluent community covering a 38-square-mile area of North Fulton County, about 14 miles north of downtown Atlanta. Atlanta is the largest city in Georgia and the 9th largest metro area in the nation showing strong signs for economic & population growth. The properties are in the Parc at Chastain subdivision in Fulton county giving the buyer an opportunity to take advantage of Georgia’s growing market.
The current 10 Home SFR Investment Portfolio offers 100% new build single family attached homes. The Homes were just completed in September 2018 and are ready for occupancy. Since this portfolio is a brand-new build, there should be little to no repair and maintenance fees for the first few years. All homes throughout the portfolio are 3 bed, 2.5 bath and 2 stories, all with 2 car attached garages. The homes offer livable square feet of 1896/SF. Market rents throughout this portfolio are strong at $2500 to $2600 per month and offering a 5.66% Cap Rate at Seller’s asking price. The school systems ratings are a high 8-10 varying across the grade levels according to GreatSchools.org.