57 Home SFR Investment Portfolio Atlanta GA
Listing was updated at: 07/01/2019
Property Overview
Price/Rent PSF $ 7,814,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 74,693
Date Available 07/01/2019
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Atlanta is the capital of the state of Georgia. The Atlanta MSA is home to a flourishing business environment and modern infrastructure. With a population of 486,290 people and 175 constituent neighborhoods, and is the largest community in Georgia. Atlanta has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Atlanta’s character. Of interest, the citizens of Atlanta are among the most well-educated in the nation: 48.28% of adults in Atlanta have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree. Among the nation's fastest-growing metro areas, the Georgia capital is attracting newcomers from around the country, and people are looking to this part of the country for culture and commerce like never before. Atlanta features award-winning restaurants and chefs, iconic locales that rival any across the country – including the Tony Award-winning Alliance Theatre, the CNN Center and the Western hemisphere's largest indoor aquarium.

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. As of 2017, the Georgia current-dollar GDP was $554.3 billion, ranked 9th in the US, and had an increase of 2.7% from 2016-2017.


Sale
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This 53 home Single Family Rental investment portfolio in Atlanta Georgia is primarily located just west of downtown Atlanta. Atlanta is the largest city in Georgia and the 9th largest metro area in the nation, showing strong signs of economic & population growth. The entire portfolio is located in Fulton county giving the buyer an opportunity to take advantage of Atlanta’s growing market.

This portfolio offers an investor immediate cash flow in the Atlanta market with 91% occupancy. This portfolio can be packaged for an investor with any of our other portfolios in Georgia as well as throughout the country. The average vintage of homes in this portfolio is 1951 with an average of 1310 sqft per home. There are 3 - 1 bed / 1 bath homes, 17 - 2 bed / 1&2 bath homes, 27 – 3 bed / 1-3 bath homes, 9 - 4 bed / 1-3 bath homes and 1 - 5 bed / 2 bath home. These well laid out floor plans range from 490-2427 livable square feet, averaging 1310 sqft. Rental rates throughout the portfolio are 10% below market rates, which are continuing to climb in this submarket and will continue bringing increased cash flow to investors bottom line over the years. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.4%, which is higher than 97.1% of the neighborhoods in America. Average market rent in Atlanta is also at $1750 which is 42% higher than the average rent of $1008 in this portfolio, showing the potential for increased profits by increasing rents to market rates.

This 53 Home SFR Investment Portfolio is listed at only $105 per sqft compared to the median list price of $229 sqft in the Atlanta market. The Atlanta market is also at a median list price of $329,000 per home which is 58% higher than the asking price of this portfolio of $137,088 per home. Also, the median price of homes sold here is $234,600 which is 42% higher than asking price, making this an excellent value for an investor. Atlanta home values have gone up 14.8% over the past year and are predicted to rise by 7.6% within the next year.

Location