Aqua at Sandy Springs

Property Description

219-Unit property located in Sandy Springs, GA, an affluent North Atlanta suburbBeing sold at significant discount to seller's basis, nearby sales comps and replacement cost.$122,000 Average HHI ($89,000 Median HHI) within 3-mile radius$415,000 Median home value within 3-mile radius with nearby home sales of $2M- $3M in half-mile radius.Immediate value-add opportunity to increase physical occupancy, currently 87%, up to submarket occupancy of 92%$175-$325 rent premiums available through continued value-add campaignNew Fulton County eviction laws enacted in March 2024 now accelerate physical evictions with the automatic issuance of writ of possession after 14-days of eviction filing.