• Exceptional Demos in Immediate Area

  Average household income exceeds $120,000 within a three-mile radius and 8.2% projected population growth by 2030. 

• Full Tax Abatement

  100% real estate tax abatement via transferable 99-year agreement. 

• Attractive Assumable Debt

  Full-term interest-only agency loan with significant day-one positive leverage. 

• Spacious Unit Mix

  One-, two-, and three-bedroom units averaging 1,162 square feet; 80% two and three bedrooms.

• Substantial Capital Infusion

  $3MM+ ($17K/unit) in asset preservation, curb appeal, and resident experience since acquisition. 

• Proven Value-Add Upside

  Opportunity to renovate 141 (78.3%) classic units to a fully renovated level and achieve $175+ premiums. 

• Strong Historical Property Performance

  Historically, Ashford at Spring Lake has boasted exceptionally high occupancy with low delinquency rates. Since 2020, Ashford at Spring Lake has averaged 95%+ occupancy. 

• Zoned to Top-Ranked Westlake High School

  Ashford at Spring Lake is one of the few multifamily communities located within the highly sought-after Westlake High School district, widely regarded as the most desirable high school in South Fulton. 

• Institutionally Owned and Operated, Surrounded by Institutional Neighbors (Five-Mile Radius)

  Ashford at Spring Lake is institutionally owned and benefits from being located within an area of Atlanta that has attracted significant investment dollars from a multitude of institutional operators. 

• Attractive Rent-to-Income Ratio

  Current in-place rents ($1,533) represent only 15.3% of monthly area household income within a three-mile radius. 

• Discount to Homeownership

  The monthly payment for a typical home in the area – including mortgage, taxes, and insurance ($3,865) – significantly exceeds the subject property’s market rent ($1,586). With mortgage rates elevated, renting remains an attractive option in the submarket.

Amenities