3390 Fairburn Rd SW | Atlanta, GA 30331
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- LoopNet Team
3390 Fairburn Rd SW
Atlanta, GA 30331
33 Ninety · Multifamily Property For Sale
·
330 Units
INVESTMENT HIGHLIGHTS
- 33 Ninety is a 1976-built multifamily asset consisting of 330 units.
- With a recent capital infusion of $7.6M+, the property is in excellent condition and is primed to continue its interior value add program
- Proforma NOI is conservatively underwritten and no rent growth is assumed. 100% of rents underwritten have been achieved.
- Property features a very attractive unit mix of 1-, 2- and 3-br units averaging 935 SF. 68% of the units are desirable 2- and 3- br floorplans
- Opp to reno a total of 142 units. There are 87 classic units (26%) +55 lightly reno-ed units (17%), which are $75-300 below elite level achieved rates
- The only proforma assumptions are in regard to taking to market occupancy and leveling accounts receivable.
PROPERTY FACTS
| No. Units | 330 | Building Size | 308,400 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| Lot Size | 24.10 AC | ||
| Zoning | R3C | ||
| No. Units | 330 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 24.10 AC |
| Building Size | 308,400 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | R3C |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Tennis Court
- Gated
- Basketball Court
- Laundry Service
- Pet Play Area
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 104 | $1,093 | 750 |
| 1+1.5 | 136 | $1,183 | 900 |
| 3+2 | 90 | $1,440 | 1,200 |
PROPERTY TAXES
| Parcel Number | 14F-0036-LL-044-2 | Improvements Assessment | $6,820,200 |
| Land Assessment | $1,156,800 | Total Assessment | $7,977,000 |
PROPERTY TAXES
Parcel Number
14F-0036-LL-044-2
Land Assessment
$1,156,800
Improvements Assessment
$6,820,200
Total Assessment
$7,977,000
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