Visit Doc Center
6603 CHURCH STREET, RIVERDALE , GA 30274
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
MORTGAGE BANKING
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
INVESTMENT SALES
CONTACT US
THE LOCATION
INVESTMENT HIGHLIGHTS
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
Photo Gallery
The Asset
The Opportunity
Doc Center
Privacy
Contact
Terms of Use
The Location
unit amenities
COMMUNITY AMENITIES
Property Summary
Property Name Address City, State, Zip County Units Built
Renovated Buildings Stories Density Site Acreage Total Rentable SF Average Unit SF Exterior Roof
Parking
Legacy at Riverdale 6603 Church Street Riverdale , GA 30274 Clayton 615 1971 2019 57 Two-Story 12.63 Units Per Acre 48.7 572,563 931 Brick Masonry and Stucco Pitched - Composition Shingle
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
Visit Doc Center
6603 CHURCH STREET, RIVERDALE , GA 30274
the asset
THE OPPORTUNITY
MENU
Terms of Use
Privacy
location
CONTACT
Gallery
DOCUMENT CENTER
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
FPO
Opportunity to renovate 168 (27.3%) classic units and achieve $145+ premiums
Proven Value-Add:
Competitors’ rents outpace subject’s in-place rents by $266
Opportunity to Push Rents to Market:
Eight units with recently completed premium renovations just received full COs which will boost revenue significantly
Offline Unit Opportunity:
3.06% rate with 60%+ LTV
Exceptional Assumable Debt:
$5,025,301 invested in asset preservation, curb appeal, and resident experience
Substantial Capital Infusion:
Monthly mortgage payment ($2,224) for average value home in area outpace Legacy at Riverdale market rent (1,098)
Discount to Homeownership:
Recent developments on the state and county level aid landlords in property management and operations
Landlord Legislation:
Gated Community
Swimming Pool
Fitness Center
Laundry Facilities
Fully Equipped Kitchen
Black Appliances
Resurfaced Counter Tops
Faux-Wood Flooring
Multi-Speed Ceiling Fans
Walk-in Closets
Linen Closet
Washer and Dryer Connections*
