SIERRA_TERRACE_EXT3

3547 Buford Highway NE, Atlanta, GA
135 Units

Strategic Holdings purchased this property on May 18, 2016 for $11,400,000. The property was fully stabilized at the time of acquisition. Strategic will implement a value add strategy by renovating the unit interiors and curing all deferred maintenance in order to increase rents to the current market rates. The renovation is estimated to be $1,560,000. The property will be valued at approximately $15,450,000 after the unit upgrades are completed and the rents have been increased.

DETAILS

Estimated Sales Price: $13,000,000
Acquisition Price: - $11,400,000
Costs: -$924,500
Estimated Profit: $675,500