For sale is a closed-type residential complex built in 1970, consisting of 14 Class C buildings with 106 townhouses with all necessary infrastructure, including a fitness center, an outdoor swimming pool, a children's playground, and parking. The size of the land is 10. 19 acres. Excellent location of the complex: near the International Airport and the business center of Atlanta in the state of Georgia.
The cost of selling the complex is $ 3. 55 million.
We offer the possibility of obtaining bank financing (mortgages for the object) up to 75% of the cost!
All apartments in the complex are rented, the occupancy rate is currently 95%.
The average rent for an apartment of 100 m2 is $ 750 per month.
The goal of the project is to take the complex into management for 3-5 years, to increase the efficiency of activities by reducing the costs of maintaining the complex and gradually increasing the rent. At the end of the project, it is planned to sell it for $ 5. 32 million, while maintaining the level of annual returns in the range of 7. 5%.
The acquisition price of the complex: $ 3. 92 million (including closing costs):
The amount of private investment: $ 1. 256 million (it is possible to attract a pool of investors)
Bank financing: $ 2. 66 million at 4. 75% per annum
Commissions, legal services, closing costs: $ 0. 37 million
Calculation of profitability:
Income of Private Investors: