31 Unit 815 South Cobb
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- 31 Unit 815 South Cobb
31 Unit
815 South Cobb Dr SE, Marietta, GA 30060
Good Day, we are pleased to present this 31 unit opportunity located in the heart of Cobb County to you!
Our strategy is to leverage relationships with local wholesalers and brokers to source significantly discounted (30%-40% below market value) multifamily assets in C-Class neighborhoods in metro Atlanta.
We increase the value by adding amenities such as: grills, gazebos, and laundry facilities, raising rents to $1,200-$1,400 a month, and improving the exterior look of the buildings.
Management team: The Robinson Capital Management Team
Current Trending Market Value for C-Class Buildings in Metro Atlanta is $130k PPD ( Price Per Door), we only buy deeply discounted assets, thus we have room to sell and cover our investor returns and protect any risks.
Current Managed Properties:
(60Units) : Purchase Price $4.8M, Value after updated: $12M (18 month stabilization)
Subject property:
31 Unit Multifamily Asset in Metro Atlanta.
Purchase Price: $3.5M ($125k Price Per Door)
Down Payment Capital Needed to Close: $875k (25% Down)
Cap Rate is: 5%
Stabilized value will be: $6 Million. ( $198k Price Per Door)
