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685 ROUNTREE ROAD
RIVERDALE, GA 30274
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Opportunity Highlights
1
HIGHLY ATTRACTIVE ASSUMABLE lOAN
Fixed-Rate Agency Loan with blended 3.79% rate and 4 Years IO through November 2024
Fully Renovated Unit Interiors with Opportunity to Elevate Finishes to Improve Premiums
Elevated Value-Add Opportunity
2
Submarket is Averaging 13.1% Annual Effective Rent Growth since 2013
Strong Fundamentals
4
$288 gap between the subject’s in-place rents and the competitor average represents additional annual income of $366K+
Loss-to-Market Opportunity
3
Underutilized Space Provides Opportunity for Resident Retention and Additional Fee Income
Amenity Modernization
6
77% Two- and Three-Bedroom Floors Plans Averaging 1,173 Square Feet with 100% Lofts/Townhomes
Desirable unit mix
5
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Property Summary
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Parking
Archway
685 Rountree Road
Riverdale, GA 30274
Clayton
106
1972
14
Two-Story
10.40 Units Per Acre
10.19
124,300
1,173
Brick and Vinyl Siding
Pitched - Composition Shingle
216 Spaces
Loft/Townhome Floor Plans
Hardwood-Inspired Flooring*
Fully Equipped Kitchen
Dishwasher
In-Sink Disposals
Full Size Washer and Dryer Connections
Private Patio or Balcony
* Select Units
Clubhouse
Swimming Pool
Playground
Laundry Facility
Unit Amenities
Community Amenities
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Investment Sales
MATT WHITE
Senior Director
404.445.1070
Matt.White@berkadia.com
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
Andrew Mays
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Paul Vetter
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
Ian Shaw
Senior Director
404.654.2074
Judy.MacManus@berkadia.com
Judy MacManus
Managing Director
404.654.2594
Josh.Finley@berkadia.com
Josh Finley
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
John Bray
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
Richard Levine
Mortgage Banking
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
T: 404.445.2600 | F: 404.445.1065
Three Alliance Center
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Current owner has invested $1.02 ($9,623/unit) in capital improvements since Nov. 2020
Significant Capital Infusion
7
Current owner has invested $1.02 ($9,623/unit) in capital improvements since Nov. 2020
Significant Capital Infusion
7