Visit Doc Center
37 TREEVIEW DRIVE | STONECREST | GA | 3003
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
INVESTMENT SALES
CONTACT US
THE LOCATION
INVESTMENT HIGHLIGHTS
Photo Gallery
The Asset
The Opportunity
Doc Center
Privacy
Contact
Terms of Use
The Location
Attractive Assumable Debt
+75% LTV Agency Loan
Proven Value-Add
Opportunity to renovate 224 (75%) classic units and achieve $150+ premiums
Opportunity to Push Rents TO MARKETS
$286 gap between subject rents and competitors
Below Market Occupancy
Elevated vacancy provides significant upside
Recent Lease Trend
Recent leases outpace in-place rents, representing $209K + in year-one upside
Desirable Unit Mix
Spacious, predominately two- and three-bedroom units averaging 1,263 SF
Discount to Homeownership
Monthly mortgage payment ($2,096) for median-value homes in area outpace View at Stonecrest’s market rent ($1,108)
unit amenities
Fully Equipped Kitchen
Subway Tile Backsplash*
Black Appliances*
Hardwood Flooring*
Walk-in Closets
Washer and Dryer Connections
Patio or Balcony
COMMUNITY AMENITIES
Property Summary
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Parking
The View at Stonecrest
37 Treeview Drive
Stonecrest, GA 30038
DeKalb
300
1972
32
Two-Story
14.93 Units Per Acre
20.10
332,541
1,108
Vinyl Siding
Pitched - Composition Shingle
650 Spaces
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
Clubhouse with Business Center
Swimming Pool with Sundeck
Sports Courts
Playground
Laundry Facilities
Visit Doc Center
37 TREEVIEW DRIVE | STONECREST | GA | 3003
the asset
opportunity
MENU
Terms of Use
Privacy
location
CONTACT
Gallery
DOCUMENT CENTER
MATT WHITE
Managing Director
404.445.1070
Matt.White@berkadia.com
SCOTT BRAY
Managing Director
678.388.2507
Scott.Bray@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
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
* Select Units
MORTGAGE BANKING