100234 . 46 Home SFR Decatur GA (Atlanta MSA)

100234 . 46 Home SFR Decatur GA (Atlanta MSA) Decatur, GA 30032

100234 . 46 Home SFR Decatur GA (Atlanta MSA), Decatur, GA, 30032
100234 . 46 Home SFR Decatur GA (Atlanta MSA), Decatur, GA, 30032
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$7,189,000
Cap Rate:
6.06%
Last Verified:
Jul 07, 2020

Go to www.SFRhub.com and search for portfolio 100234 for more info!

 

This 46 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 87.6% 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 1964 with an average size of 1,449/SF per home. The floor plans are well laid out and range from 1,059-2,631 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 46 Home SFR Investment Portfolio is listed at $108 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 a 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 metro in the nation and is predicted to rise another 11% by 2021. Decatur real estate specifically appreciated a total of 111.44% since 2000, at an average annual rate of 3.86 which is steadily increasing, according to Neighborhood Scout. This gives Decatur the highest rating compared to all of Georgia, and a 9/10 rating compared to the rest of the country. 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.


Additional URLs

Map of 100234 . 46 Home SFR Decatur GA (Atlanta MSA), Decatur, GA, 30032

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.