INVESTMENT HIGHLIGHTS 

• Asset Surrounded by Growth

  Park Oaks sits on the border of Clarke and Jackson County. This location allows the asset to benefit from the growth taking place in Athens and Commerce.

• Superior Product Type

  The subject offers large 2BR and 3BR units with private driveways, private patios, and brick exteriors. In addition to large, tranquil lots, the property features a private hiking trail that connects to Oxbow Loop in Sandy Creek Park.

• Spotless Asset

  New ownership will benefit from over $1.1M in capex over the last six years. Improvements include new roofs, new water heaters, new HVACs, new pavement, and over $600K in various building improvements.

• Flawless Operations

  The property has filed zero evictions in six years, has averaged 97% occupancy over 26 months, and 50% of residents have been at the property 3+ years.

• Organic Upside

  Over the last 26 months, average in-place rents have moved from $1,290 to $1,431, representing an 11% increase while maintaining near-perfect occupancy and without interior renovation. Operations strongly signal demand for renovations.

• OPPORTUNITY TO RENOVATE INTERIORS

  Current ownership has renovated one unit interior and achieved a $175 premium.

• Additional Land

  Park Oaks sits on 23 acres and includes a vacant lot in the middle of the residential area. New ownership has ample room for further development.

Amenities

Location