CASHFLOW INVESTMENT 35 UNITS / 315 BEDS 10%~ CAP

Contact
photo of Marion Webb
Marion Webb
REALTOR, Broker
101 Devant St, Suite 505
Fayetteville, GA 30214
Phone:
678-489-3489
Mobile:
770-572-4303
Pager:
678-632-4303
Marion Webb is the Managing Broker of Webb Solar Realty, LLC and provides services, consultation and educational opportunities to agents, buyers, sellers and relocators in real estate transactions - both residential and commercial.

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5790
Highway 85 S, GA 30274
Clayton, US
Subdivision: Pembrooke Townhomes
$14,900,000.00 listing calculator
Cap Rate: 1000%
Status: Active (For Sale)
Type: Commercial
Subtype: Multi-Family
Use Type: Investment Properties
Year Built: 1998
MLS ID: 8963105


Overview
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Awesome cashflowing investment in high traffic area offered at approximately 10 cap with low
vacancy rates and significant upside potential as rates were just increased. Strategically located
near Hartsfield-Jackson Atlanta International Airport district and Marta bus routes. This multifamily
community is designed as co-living shared space. For sale are 35 2-story townhomes with 31 being
9Br/9Ba and 4 being 9Br/4Ba , each about 2,880 ft with shared common area, kitchen, pay
laundry room. The 315 guest bedrooms include high-speed wireless internet access, dish tv
channels, a refrigerator, microwave, closet, chair, dresser and a full sized bed. All room inventory
transfers as part of the sale. Guests pay daily or weekly. Full offering details made available with signed Confidentiality Agreement. Do not disturb or make inquiries of guests or onsite management team.

General Features


List Date:
04/19/2021
Level:
2

Exterior Features and Amenities


Walking distance to:
MARTA
Parking:
Paved Parking lot
Stories:
2 story townhomes
Amenities:
Common Area, Kitchen, Coin Laundry, High Speed Internet, Cable TV, Microwave

Financial


Ownership:
Fee Simple
Tax Year:
1998
Date of Possession:
Negotiable
Special Conditions:
Confidentiality Agreement Required

Interior Features


Laundry Type:
Coin
Laundry Location:
1st Floor

Other Features


SQFT Source:
100800

Utility Information


Cooling Source:
Electric
Cooling Type:
Central
Heating Source:
Gas
Heating Type:
Central
Water/Sewer:
City Water, Sewer Connected

Full Description


 Awesome cashflowing investment in high traffic area offered at approximately 10 cap with low vacancy rates and significant upside potential as rates were just increased. Strategically located near Hartsfield-Jackson Atlanta International Airport district and Marta bus routes. This multifamily community is designed as co-living shared space. For sale are 35 2 story townhomes with 31 being 9Br/9Ba and 4 being 9Br/4Ba , each about 2,880 ft  with shared common area, kitchen, pay laundry room. The 315 guest bedrooms include high-speed wireless internet access, dish tv channels, a refrigerator, microwave, closet, chair, dresser and a full sized bed. All room inventory transfers as part of the sale. Guests pay daily or weekly. Full offering details made available with signed Confidentiality Agreement. . Do not disturb or make inquiries of guests or onsite management team. 

HIGHLIGHTS:

  • Sound timely investment - cosharing and community living is growing in popularity in the United States. New take on old solution. Coliving is a modern form of communal living in which guests get a private furnished bedroom with shared common areas. Coliving is attractive to guests due to affordability, flexibility, no lease, included amenities, and a sense of community.
  • Desirable and Proven investment with consistent high occupancy rates even during the Pandemic
  • Great return with potential upside - Start out with double digit return which will increase as occupancy payments increase whether cash or financed.
  • METRO ATLANTA Location - On a heavily traveled state highway and visible from the street and strategically located near the busiest airport in the world with access to public transportation

Directions


From Interstate I-75 South take exit 237A to Highway 85 S towards Riverdale just past I-285 proceed towards Riverdale approximately 2 miles (Pembrooke is on the left) and make U turn at Garden Walk Blvd to enter Pembrooke. Google for best directions.

Availability Calendar


- Available - Unavailable

Rental Rates


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The information presented here is deemed reliable, though not guaranteed.