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5790 Highway 85
Riverdale, GA 30274
Pembrooke Townhomes · Multifamily Property For Sale · 35 Units

INVESTMENT HIGHLIGHTS

  • 35 individual townhome units currently being operated as a 315-bed extend-stay property comprising of 100,800 square feet.
  • Prime opportunity to maintain strong returns while adding additional value and multiple exit strategies with a potential to reposition.
  • Excellent historical cash flows and occupancy genrating approximatel 11% cap rate in 2020 net operating income and a 98% average occupancy.
  • Located in south metropolitan Atlanta, just five miles to Hartsfield-Jackson International Airport and 12 miles to Downtown Atlanta.

PROPERTY FACTS

No. Units 35
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class C
Lot Size 2.95 AC
Building Size 110,750 SF
Average Occupancy 99%
No. Stories 2
Year Built 1999
Parking Ratio 3.15/1,000 SF
Corridor Exterior
Zoning RM - Multiple Family Residential District

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
9+4 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 13-0107D-00B-007
  • 13-0107A-00B-040
  • 13-0107A-00B-014
  • 13-0107A-00B-016
  • 13-0107A-00B-023
  • 13-0107A-00B-019
  • 13-0107A-00B-012
  • 13-0107D-00B-005
  • 13-0107A-00B-020
  • 13-0107A-00B-021
  • 13-0107A-00B-041
  • 13-0107A-00B-017
  • 13-0107A-00B-018
  • 13-0107A-00B-039
  • 13-0107A-00B-015
  • 13-0107D-00B-004
  • 13-0107A-00B-013
  • 13-0107D-00B-006
Land Assessment
$72,000
Improvements Assessment
$1,445,251
Total Assessment
$172,840
  • Listing ID: 23657498

  • Date on Market: 7/12/2021

  • Last Updated:

  • Address: 5790 Highway 85, Riverdale, GA 30274

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