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3057 Pharr Court North Ct NW
Atlanta, GA 30305
Pharr Court · Multifamily Property For Sale
·
52 Units
Investment Highlights
- • Well-Positioned Asset: Value provider surrounded by Class A properties in Buckhead CBD
- • Opportunity to Push Rents to Market: Recent leases represent $439 average upside over in-place rents with market support
- • Attractive Basis: Reversion sale opportunity in a prime location for development
- • Heavy Lifting Complete: $15,189/unit invested in modern appliances, new roofing, and asphalt
- • Desirable Unit Mix: Spacious two-bedroom/two-bathroom units averaging 1,000 square feet
- • Discount to Ownership: Monthly mortgage payment ($7,627) for a median-value home in the area outpaces Pharr Court’s market rent ($2,000)
Property Facts
| No. Units | 52 | Lot Size | 2.71 AC |
| Property Type | Multifamily | Building Size | 52,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1975 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.71 AC |
| Building Size | 52,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 52 | $2,000 | 1,000 |
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