170 Mitchell StAtlanta, GA 30303
857 Units, 6.5% Cap Rate, High Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- $2,853,000 asking price for a preferred equity investment in a stabilized multifamily portfolio.
- 15% projected annual return on investment.
- Monthly distributions to investors commence immediately.
- Portfolio consists of 8 preferred equity investments in multifamily and manufactured housing properties across five states, including naturally occurring affordable housing (80% AMI) and Section 8 units.
- The preferred equity positions are senior to common equity and junior to first mortgages, with personal guarantees and unrestricted power of attorney to sell after 60 days.
- Minimum investment is $250,000.
Property Details for 170 Mitchell St
- Property type
- Apartment buildings
- Class
- C
- Year Built/Renovated
- 1956/2021
- Buildings
- 10
- Stories
- 3
- Units
- 857
Location Insight
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Latitude
- 33.7509399
- Longitude
- -84.3935032
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].