57 Home SFR Investment Portfolio Decatur GA
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 8,550,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 82,033
Date Available 06/03/2019
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Decatur is a city in Georgia and is the county seat of Dekalb County, all part of the Atlanta metropolitan area. The city is located just five miles northeast of downtown Atlanta, sharing its western border with Atlanta. According to the US Census, as of 2017, the city had an estimated population of 26,716 residents and 36 constituent neighborhoods. As it is within the Atlanta MSA, the median income in Decatur, GA is $81,970 and the median home value is $365,900. 72.35% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%. Decatur has lots of scientists living in town - whether they be life scientists, physical scientists, or social scientists. Decatur is also home to incredible artists, designers and people who work in media, compared to the rest of the communities in America, according to the Neighborhood Scout, this number is 90% higher.

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.

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This 57 home Single Family Rental investment portfolio in Decatur, Georgia is primarily located east 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 Dekalb county giving the buyer an opportunity to take advantage of Atlanta’s growing market and a majority of the homes are within the 285 Loop. Decatur home prices are not only among the most expensive in Georgia, but Decatur real estate also consistently ranks among the most expensive in America.

This portfolio offers an investor immediate cash flow in the Atlanta market, currently operating 92% 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 within the portfolio is 1963 with an average size of 1,439/SF per home. There are 3 - 2 bed / 1&2 bath homes, 50 – 3 bed / 1-2.5 bath homes, 4 - 4 bed / 2-2.5 bath homes. The floor plans are well laid out and range from 960-2,631 livable square feet. Rental rates throughout the portfolio are 16% below market rates, offering a value add opportunity to Buyer while taking advantage of continued appreciation & rising rental rates. Median single-family rent according to John Burns Real Estate Consulting Affordability Index in Atlanta is $1,265 per month, which is 24% higher than the average rents in this portfolio, further proving the upside potential for increased profits in a value-add investment portfolio.

This 57 Home SFR Investment Portfolio is listed at $104 per square foot, which is significantly less than the median list price of $242 square foot in the greater Decatur sub-market. The median price of homes currently listed in Decatur is $424,900, which is significantly higher than the asking price per home within this portfolio, making this an excellent opportunity for value add investor to take advantage of the strong regional location of this portfolio. Atlanta has experienced some of the highest home appreciation rates of any community in the nation and is predicted to rise another 11% by 2021. Decatur real estate specifically appreciated 52.39% over the last ten years, which is an average annual home appreciation rate of 4.30%, putting Decatur in the top 10% nationally for real estate appreciation. If you are a real estate investor, Decatur definitely has a track record of being one of the best long term real estate investments in America. Atlanta continues to show strong job growth, household formation, and continued rent growth. As the affordability of owning a home continues to become less of an option in Atlanta, the rental demand will continue to rise, which is why Atlanta is the top 5 for the largest single-family rental market in the country.

Stats & Data supplied by John Burns Real Estate Consulting & SFRhub.com.