815 myrtle street
roswell | GA | 30075
Visit Doc Center815 myrtle street
roswell | GA | 30075
28
Units
1963
year Built
Opportunity
SIGNIFICANT MARK-TO-MARKET POTENTIAL
Average in-place rents of approximately $815 are materially below the current Roswell competitive set.
UNRESTRICTED MARKET-RATE STRATEGY AT CLOSING
Repayment of the existing grant removes loan-driven rent limitations, allowing new ownership to pursue conventional market-rate rents.
RENT GROWTH WITH CONTINUED RELATIVE VALUE
Current rents represent only about 6.25% of area average income ($156K), supporting measured increases while maintaining an attractive value proposition.
DOWNTOWN ROSWELL LIVE-WORK-PLAY SETTING
Convenient access to Downtown Roswell, everyday retail and dining, recreation, GA-400, and North Fulton employment.
FAMILY DEMAND DRIVERS
Highly regarded public-school access, affluent surrounding demographics, and a deeply rooted North Fulton residential setting.
BELOW-REPLACEMENT-COST ENTRY POINT
Opportunity to acquire established two- and three-bedroom housing in premium Roswell at a basis well below the cost of new construction for similar product.
FAMILY-ORIENTED PRODUCT WITH PROVEN DEMAND
All two- and three-bedroom homes averaging 990 SF, supported by 96% occupancy.
Property Info
PROPERTY DETAILS
- TYPE
- UNITS
- YEAR BUILT
BUILDING / LAND
- OCCUPANCY
- # OF STORIES
- # OF BUILDINGS
- ACREAGE
- DENSITY
- TOTAL RENTABLE SF
- AVG. UNIT SF
- EXTERIOR
- ROOF
- PARKING
Metering & Fees
- AIR CONDITIONING
- HEAT
- DOMESTIC HOT WATER
- ELECTRICITY
- CENTRAL WATER
Photo Gallery
Contact Us
Investment Sales
JUDY MACMANUS
Managing Director
404.654.2074
[email protected]
GA #262140
ANDREW MAYS
Senior Managing Director
404.445.1067
[email protected]
PAUL VETTER
Senior Managing Director
404.445.1068
[email protected]
Mortgage Banking
RICHARD LEVINE
Senior Managing Director
404.654.2590
[email protected]
JOSH FINLEY
Managing Director
404.654.2594
[email protected]
MIKE MARLEY
Senior Director
404.654.2076
[email protected]
BERKADIA ATLANTA
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
T: 404.445.2600 | F: 404.445.1065
815 myrtle streetroswell | GA | 30075
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 company business in Nevada.
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