Parking lot

3207 Henderson Mill Road, Atlanta, GA
161 Units

Strategic Holdings acquired Sierra Hills Apartments (161 Units) on April 27, 2018 for $24,250,000. Occupancy was at 97.5% at the time of purchase. Strategic is implementing a value-add strategy and will be investing approximately $1,000,000 in improvements in order to achieve the higher market rents. After the improvements are completed and the rents are increased, the property will be worth approximately $30,000,000.

DETAILS

Estimated Sales Price: $25,025,000
Acquisition Price: -$24,250,000
Costs: -$181,700
Estimated Profit: $593,300