Sierra Village

2615 Oak Shadow Lane NE, Atlanta, GA
154 Units

Strategic Holdings acquired this property on May 18, 2016 for $13,360,000. Strategic will implement a value-add strategy by renovating the unit interiors and cure all deferred maintenance in order to increase rents to the current market rates. The renovation is estimated to be $1,250,000. After completing the improvements and increasing the rents, the property will be worth approximately $17,250,000.

DETAILS

Estimated Sales Price: $13,900,000
Acquisition Price: -$13,360,000
Costs: -$786,800
Estimated Profit: $246,800