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1930 FLAT SHOALS RD SE, ATLANTA, 30316
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RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
MORTGAGE BANKING
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
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IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
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COMMUNITY AMENITIES
Property Summary
Property Name Address City, State, Zip County Units Built Fully Renovated Buildings Stories Density Site Acreage Total Rentable SF Average Unit SF Exterior Roof Parking
Broadway at East Atlanta 1930 Flat Shoals Rd SE, Atlanta, 30316 Fulton 176 1967 2015 22 Two-Story 10.26 Units Per Acre 17.15 164,920 937 Brick Masonry/HardiPlank Pitched - Composition Shingle 300 Spaces
THE ASSET
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.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
ATLANTA OFFICE
THREE ALLIANCE CENTER
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
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1930 FLAT SHOALS RD SE, ATLANTA, 30316
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Judy MacManus
Managing Director 404.654.2074 Judy.Macmanus@berkadia.com
Matt White (LEAD)
Managing Director 404.445.1070 Matt.White@berkadia.com
Scott Bray (LEAD)
Managing Director 678.388.2507 Scott.Bray@berkadia.com
*Select Units
AHI Exceeds $123K within three-mile radius, 14.5% population growth from 2010-2023
STRONG WORKFORCE HOUSING DEMOGRAPHICS
Competitors’ rents outpace subject’s in-place rents by $231
OPPORTUNITY TO PUSH RENT TO MARKET
Current owner has renovated 8 units to an elite renovation level generating $147+ premiums over in-place rents
PROVEN VALUE-ADD
Fixed-Rate Agency Loan: 4.51% rate with 65%+ LTV
EXCEPTIONABLE ASSUMABLE DEBT
All doors, windows, roofs, and interiors upgraded
SIGNIFICANT CAPEX RESETS ECONOMIC CLOCK
Monthly mortgage payment ($4,186) for average value home in area outpace The Broadway at East Atlanta market rent ($1,244)
Discount to Homeownership:
Recent developments on the state and county level aid landlords in property management and operations
Landlord Legislation:
Pool
Playground
Dog Park
Gate-Controlled Access
Fitness Center
BBQ/Picnic Area
Fully Equipped Kitchen
Black Appliances
Faux-Wood Flooring
Granite Countertops
White / Brown Cabinetry
Multi-Speed Ceiling Fans
Walk-In Closets
Linen Closet
Washer and Dryer Connections
One of Broadway at East Atlanta parcels is located within an opportunity zone. This could provide additional incentives for new investors as these are sought out investment’s opportunities in distressed areas.
OPPORTUNITY ZONE
1930 FLAT SHOALS RD SE, ATLANTA, 30316