carrollton-walk

227 BRUMBELOW ROAD | CARROLLTON, GA 30117

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/.

PHOTO GALLERY

RICHARD LEVINE

Senior Managing Director 404.654.2590 Richard.Levine@berkadia.com

JOHN BRAY

Senior Managing Director 404.654.2595 John.Bray@berkadia.com

JOSH FINLEY

Managing Director 404.654.2594 Josh.Finley@berkadia.com

Mortgage Bankers: 

ANDREW MAYS

Senior Managing Director 404.445.1067 Andrew.Mays@berkadia.com

MIKE RILEY

Director 470.681.1389 Mike.Riley@berkadia.com

MATT WHITE

Senior Director 404.445.1070 Matt.White@berkadia.com

PAUL VETTER

Senior Managing Director 404.445.1068 Paul.Vetter@berkadia.com

Investment Advisors: 

3550 Lenox Road, Suite 2600 Atlanta, GA 30326 713.974.T: 404.445.2600 | F: 404.445.1065

ATLANTA OFFICE THREE ALLIANCE CENTER

THE LOCATION

Access to clubhouse with swimming pool, cabana, grilling stations, along with full-size washer/dryer connections in each unit

Highly Amenitized Asset:

Recent leases outpace rent roll by 5.9%

Recent Lease Trend:

Submarket averages 11.4% annual effective rent growth since 2014. Carroll County has an extremely low housing inventory and zoning moratoriums that limit new supply.

Strong Fundamentals:

Two-, three, and four-bedroom floor plans averaging 1,284 square feet

Balanced Unit Mix:

Adjacent to Carrollton Greenbelt, which is the longest paved loop trail in Georgia 

Irreplaceable Location:

100% of units can be renovated at $200+ premiums

Value-Add Upside Opportunity:

Fixed-Rate Agency Loan – strong LTV with 2 years IO and step-down prepay

Attractive Assumable Debt:

Opportunity Highlights

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227 BRUMBELOW ROAD | CARROLLTON, GA 30117

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The Location

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The Asset

The Opportunity

Home

Monthly mortgages payments for median home values in area outpace market rents

Discount to Homeownership:

499

Mobile

73%

Number of Properties

Number of units

Markets

Property Name Address City, State, Zip County Units Built Buildings Stories Density Site Acreage Total Rentable SF Average Unit SF Exterior Roof

Carrollton Walk 227 BRUMBELOW ROAD CARROLLTON, GA 30117 Carroll 49 1985 4 Three-Story 5 Units Per Acre 9.9 62,916 1,284 Vinyl Siding Pitched - Composition Shingle

PROPERTY SUMMARY

Unit Amenities:

Newly Renovated Units* Fully Equipped Kitchen Hardwood-Inspired Vinyl Flooring* Black Appliances Walk-In Closets* Ceiling Fans Washer and Dryer Connections Private Patio or Balcony * Select Units

AMENITIES

Community Amenities:

Clubhouse Swimming Pool Volleyball Court Basketball Court Outdoor Grilling Area Direct Access to the Carrollton Greenbelt