Value-Add Deal in Smyrna, GA | 14 Units

This complex is located in a prime location in the City of Smyrna, GA. Smyrna, incorporated in 1872, is located northwest of Atlanta. Over the years, the City of Smyrna - covering approximately 15 square miles - has developed into a vital and active member of the regional landscape. The complex is also located just half a mile from Campbell High School and close proximity to several other elementary and middle schools. The City of Smyrna has a revitalized and active downtown area including a library, community center, retail development and mixed-use development, city hall and charming homes. The city also boasts parks, jogging trails, pools, lighted tennis courts, public golf courses and much more. Smyrna also regularly hosts activities for residents and visitors like concerts and family events in the downtown area. With visionary leadership and strong community spirit, Smyrna has become one of the most popular places to reside in the metro-Atlanta area. For more information including financials, please visit go to “Access Secure Documents” and complete the online confidentiality agreement.Rare opportunity to purchase a true value-add multifamily deal in the popular north-metro Atlanta suburb of Smyrna. The property is currently approximately 60% occupied and is not stabilized and is being offered as a value-add opportunity with significant upside potential through lease-up and operational improvements. Please refer to the pro forma on page six for projected stabilized performance. The complex consists of 14 spacious 1-bedroom/1-bath units, all with large eat-in kitchens. The majority of the current rents are well below market, allowing for significant upside for a new owner through lease-up and cosmetic interior improvements. All units feature central HVAC and separate water heaters. All units are electric. Laundry room has gas. The property also offers ample off-street parking, a coin laundry room on-site, and a large basement area for storage. Located just off S. Cobb Drive, the property sits approximately half a mile from Campbell HS and provides easy access to Downtown Smyrna, Truist Park/The Battery Atlanta, and I-285 and I-75.