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4685 CHAMBLEE DUNWOODY ROAD
DUNWOODY | GA | 30338
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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
INVESTMENT SALES
CONTACT US
THE LOCATION
INVESTMENT HIGHLIGHTS
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
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The Asset
The Opportunity
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The Location
Monthly mortgage payment ($6,677) for median value home in area outpace Riva's market rents ($1,827)
Discount to Homeownership
A future owner can achieve additional revenue through an appliance upgrade package and office conversion opportunity
ELEVATED UPSIDE OPPORTUNITIES
Subject's finishes outclass competitive set despite $125 rental delta while Class A comps provide $300+ in headroom
VALUE PROVIDER
Turnkey asset meticulously maintained by long-term owner
6+ YEAR OWNERSHIP
Over $6M ($49.5K/unit) invested in asset preservation and curb appeal
SUBSTANTIAL CAPITAL INFUSION
unit amenities
Fully Equipped Kitchen
Carrara White Quartz Countertops
Euro-Style Cabinets with Soft Close Drawers
LED Lighting and Drop Pendants
Natural Wood-Style Flooring
Fireplace* (12 2BR Units & 16 3BR Units)
Modern Ceiling Fans in Bedrooms
Open Retro Vanities in Bathroom
Chrome Plumbing Fixtures
Washer and Dryer Connections
Private Patio or Balcony*
*Select Units
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
Riva
4685 Chamblee Dunwoody Rd
Dunwoody, GA 30338
DeKalb
122
1968
2018
16
Two-and Two-and-One-Half-Story
15.44 Units Per Acre
7.90
163,407
1,339
Brick Masonry
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 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 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
Smyrna Submarket Averaging Annual Rent Growth of 12.1% since 2013
Strong Fundamentals
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Swimming Pool with Sun Deck
Atrium Entrances with Palladium Windows and Skylight in All Buildings
Community Bike Racks
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4685 CHAMBLEE DUNWOODY ROAD
DUNWOODY | GA | 30338
Recent leases outpace in-place rents, representing $115K+ in annual upside
RECENT LEASE TREND
AHHI and home values exceed $140K and $860K respectively and are bolstered by highly rated schools
ELITE DEMOGRAPHICS AND SCHOOLS
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Large, predominately two- and three-bedroom units averaging 1,339 SF
DESIRABLE UNIT MIX
IAN SHAW
Associate Director
404.654.2347
Ian.Shaw@berkadia.com