Aqua at Sandy Springs
Sandy Springs, GA
The Offering
Key Highlights
- Offering Price Determined by Market
- Number of Units 219 Total Units
- Year Built 2000/1985
- Average Unit Size 1,124 SF
- Occupancy 86.76%
- Acreage 24.37 Acres/8.99 Units per Acre
- 219-Unit property located in Sandy Springs, GA, an affluent North Atlanta suburb
- Being sold at significant discount to seller's basis, nearby sales comps and replacement cost.
- $122,000 Average HHI ($89,000 Median HHI) within 3-mile radius
- $415,000 Median home value within 3-mile radius with nearby home sales of $2M- $3M in half-mile radius.
- Immediate value-add opportunity to increase physical occupancy, currently 87%, up to submarket occupancy of 92%
- $175-$325 rent premiums available through continued value-add campaign
- New Fulton County eviction laws enacted in March 2024 now accelerate physical evictions with the automatic issuance of writ of possession after 14-days of eviction filing.
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