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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.
THREE ALLIANCE CENTER 3550 Lenox Road, Suite 2600 Atlanta, GA 30326 T: 404.445.2600 | F: 404.445.1065
Investment Advisors:
BERKADIA ATLANTA
CONTACT Info
PAUL VETTER
Senior Managing Director 404.445.1068 Paul.Vetter@berkadia.com
ANDREW MAYS
Senior Managing Director 404.445.1067 Andrew.Mays@berkadia.com
IAN SHAW
Associate Director 404.654.2347 Ian.Shaw@berkadia.com
Opportunity
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52
Units
1975/2021
Built/Renovated
12
Buildings
Two- and Three-Story
Stories
19.1 Units Per Acre
Density
3057 Pharr Court NW | Atlanta, GA 30305
Fulton County
2.7
Site Acreage
52,000
Total Rentable SF
1,000
Average Unit SF
Brick
Exterior
Pitched - Composition Shingle
Roof
LOCATION
PHOTO GALLERY
Washer and Dryer Appliances
Onsite Parking
Unit Amenities:
Community Amenities:
AMENITIES
3057 PHARR COURT NW. | ATLANTA, GA 30305
Well-Positioned Asset: Value provider surrounded by Class A properties in Buckhead CBD
Heavy Lifting Complete: $15,557/unit invested in modern appliances, new roofing, and asphalt
Opportunity to Push Rents to Market: Recent leases represent $332 average upside over in-place rents with market support
Desirable Unit Mix: Spacious two-bedroom/two-bathroom units averaging 1,000 square feet
Attractive Basis: Reversion sale opportunity in a prime location for development
Discount to Ownership: Monthly mortgage payment ($7,649) for a median-value home in the area outpaces Pharr Court’s market rent ($1,990)
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Mortgage Bankers:
JOHN BRAY
Senior Managing Director 404.654.2595 John.Bray@berkadia.com
JOSH FINLEY
Managing Director 404.654.2594 Josh.Finley@berkadia.com
RICHARD LEVINE
Senior Managing Director 404.654.2590 Richard.Levine@berkadia.com
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