This offering presents an investment opportunity in Dream Court Apartments, located in Atlanta, GA. The multi-family property comprises two buildings with a uniform 2-bedroom, 1-bathroom unit configuration. Built in the mid-1950s, the complex enjoys a high occupancy rate at 94%, making it a stable asset for prospective investors. The property has a solid rent structure that provides steady cash flow. Notably, there's room for income growth; targeted updates to unit interiors could justify increased rent levels, amplifying the asset's revenue
potential significantly. The complex offers walking access to local shops and eateries, while a major shopping center and Highway 285 are a brief drive away. Nearby John A White Park & Golf Course caters to outdoor enthusiasts, and the 15-minute drive to downtown Atlanta adds urban convenience. The property is also just 20 minutes from Hartsfield International Airport, enhancing its appeal for those who travel frequently.
The CAP Rate represents the estimated rate considering the occupancy rate, normal conditions, and not including rehabs or capital improvements.