3390 Fairburn Rd SW - Apartments FOR SALE
Atlanta, GA 30331 |
3390 Fairburn Rd SW
Atlanta, GA 30331
HIGHLIGHTS
- 33 Ninety is a 1976-built multifamily asset consisting of 330 units.
- Property features a very attractive unit mix of 1-, 2- and 3-br units averaging 935 SF. 68% of the units are desirable 2- and 3- br floorplans
- With a recent capital infusion of $7.6M+, the property is in excellent condition and is primed to continue its interior value add program
- Opp to reno a total of 142 units. There are 87 classic units (26%) +55 lightly reno-ed units (17%), which are $75-300 below elite level achieved rates
- Proforma NOI is conservatively underwritten and no rent growth is assumed. 100% of rents underwritten have been achieved.
- The only proforma assumptions are in regard to taking to market occupancy and leveling accounts receivable.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
33 Ninety
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
308400
STORIES
2
YEAR BUILT
1976
PARKING SPACES
590
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
14F-0036-LL-044-2
