Buford Rental Portfolio | 96 Units | 48 Duplexes | 6.62% Cap Rate
Atlanta, GA 30518
- 100% Occupied
- 6.5% existing cap rate
- Rents significantly under market
- Strong rental demand
- All units are 2 to 3 bedrooms and 2 baths
- Separate meters and systems
- Tenants take care of the grounds
- Popular area in north Atlanta
- Demand in this rental range projected to increase
- Strong forecasted job growth in the area
- Atlanta gained 4th-most residents in the nation last year, with 90,650 additional people
Opportunity to acquire a portfolio of 96 units in 48 fully leased duplexes with stable income and strong upside in north Atlanta.
Big upside exists in the ability to significantly increase NOI by raising rents closer to market rates. All of the units are 2 or 3 bedrooms and 2 or 2.5 baths. 2018 rents average $668.63-month, which is less than half the average rents around metro Atlanta. If you only raise rents $200-unit, rents would still be only average $868.63 month. The annual increase in revenues would be $385,000.
DO NOT DISTURB THE TENANTS OR ENTER THE PROPERTIES WITHOUT PRIOR APPOINTMENT THROUGH BULL REALTY.
Located in Buford, GA