2060 Alison CT SW Atlanta...OFFERING MEMORANDUM | Brentwood Alison Court | GA 30311 | 59 Feets Zillow Rent Index- 2 Bedrooms- 5 Years Zillow Rent Index $ 1.1 K 2019 $ 743 2016 2017

OFFERING MEMORANDUM OFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

Paul Khansari | Associate Broker RE/MAX [email protected] 404.429.3621

This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of Brentwood Alison Court | GA 30311 (the “Property”).

This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and REMAX Center. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.

Neither the Owner or REMAX Center, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the REMAX Center. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or REMAX Center.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to REMAX Center.

Paul Khansari | Associate Broker RE/MAX [email protected] 404.429.3621 02

OFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

CONFIDENTIALITY AGREEMENTOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

Property Summary

Photos

INTERIOR PROPERTY PICTURE

REGIONAL MAP

Site Plan

Floor Plans

Financials

Market Overview

Demographics

4

5

7

8

9

11

13

16

18


TABLE OF CONTENTS



PROPERTY SUMMARY

Paul Khansari with REMAX Center has been retained as the exclusive marketing advisor in the sale of Brentwood Alison CT, a 48-unit repositioning opportunity located at 2060 Alison CT SW in Atlanta, Georgia 30311. Completed in 1963, the property is well-positioned off US Hwy (154/166) within minutes of bustling downtown Atlanta.

ADDRESS 2060 Allison CT SW Atlanta GA 30311

YEAR BUILT 1963

NUMBER OF UNITS 48

BUILDINGS 6

BUILDING SIZE 44256 Sq.Ft.

SITE SIZE (Acres) 2.05

PARCEL ID NUMBER 14-0167-0004-012-1



PROPERTY PHOTOSOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311


PROPERTY PHOTOSOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311


INTERIOR PROPERTY PICTUREOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311


REGIONAL MAP OF PROPERTY

DOWNTOWNATLANTA

AirportAirport

PROPERTY

DISTANCE TO:

Downtown Atlanta..................... 6 MILESAtlanta Aiport.............................. 6. MILESEast Point Transit Station.......... 2.2 MILESI-85................................................. 1 MILE



PARCEL MAP

Alison Ct SW

Myrtle D

r SW

PROPERTYPROPERTY



HIGHLIGHTS / AMENITIES

HIGHLIGHTS:

A great Value-Add investment in a sub-market positioned for rapid development due to Atlanta BeltLine Strategic Implementation Plan.

Conveniently located just few minutes from I-85/75 interchange.

Within walking distance to Marta buses.

Within 5 Mile radius from Atlanta International Airport

Within 6 Mile radius of GA State University, GA Tech, Capital Building, Court House and Fulton County Government system


COMMUNITY AMENITIES:

Leasing office

Potential laundry room area

Ceramic tile tub surrounds

Window blinds

Tile floor on remodled units

Separate dining room area

All kitchens equipped with stove and fridge

Fenced Property

Mature landscaping

Security Camera


FLOOR PLANSA-B-C-D 1st Level

A-B-C-D 2nd Level

Total Size44,256

Unit 6Unit 5Unit 2Unit 1

Unit 8Unit 7Unit 4Unit 330.0’

30.0’30.0’

30.0’

30.0’30.0’

58.0’

117.0’

117.0’

Bedroom

Bed

roo

m

Kitchen

Bath Livi

ng R

oo

m

TypicalUnit

117.0’

Bsmt / Storage



FLOOR PLANSE 1st Level

Unit 2Unit 1

Unit 4Unit 3

Unit 10

Unit 12Unit 11Unit 8Unit 7Unit 4Unit 3

Unit 9Unit 6Unit 5Unit 2Unit 1

30.0’

117.0’

117.0’

117.0’

117.0’

30.0’

30.0’

30.0’

F 1st Level

F 2nd Level

E 2nd Level



PROFORMAOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

TotalActual

T3 AnnualizedActual

2019 P& L

Rent $432,000 $181,680 $153,588

Other income water $35,500 $35,500 $35,500

vacancy 3% -$12,960

Bad debt 1% -$4,320

Total Income: $450,220 $217,180 $189,088

Expences

Insurance $15,500 $15,500 $15,500

Property Management $12,000 $12,000 $12,000

Management salary $9,500 $9,500 $9,500

Office expences $2,500 $2,500 $2,500

supplies $4,800 $4,800 $4,800

Trash pick up $2,640 $2,640 $2,640

Utilities $30,500 $30,500 $30,500

Property Taxes $18,500 $18,500 $18,500

Repaires $5,200 $5,200 $5,200

Total Expences: $101,140 $101,140 $101,140

Net Operating Income: $349,080 $116,040 $87,948

Pro forma Value Less Cost to Repair 16 down units Price

6% 5818000 -320000 5498000

6.50% 5370462 -320000 5050462

7% 4986857 -320000 4666857

7.50% 4654400 -320000 4334400

8% 4363500 -320000 4043500

PERFORMA


SOLD COMPARABLESOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

2045 Alison CT SW Atlanta | GA 30311

Brentwood Alison Ct. Sales Comparables

County Avg. Unit Size (SF)

1,000

1,239

1,019

642

800

660

1,055

916

Price / Unit

$53,879

$55,814

$54,087

$45,750

$49,432

$50,000

$49,064

$51,147

Yr. Built

1974

1970

1969

1930

1972

1960

1970

1,963.57

Units

232

86

209

19

88

20

324

140

Acres

24.82

8.72

10.01

0.61

4.61

1.88

10.90

8.79

Price / SF

$50.71

$47.00

$53.46

$70.67

$62.50

$55.69

$41.98

$54.57

Size (SF)

246,482

102,118

210,456

12,300

69,600

17,956

423,980

154,699

Sale Price

$12,500,000

$4,800,000

$11,250,000

$869,250

$4,350,000

$1,000,000

$17,800,000

Distance (Miles)

2.60

3.20

2.80

1.70

0.70

0.70

1.40

1.87

Address

2900 Landdrum Dr., SW Atlanta, GA 30311

3350 Mout Gilead Rd., Atlanta, GA 30311

3000 Continenetal Colony Pkwy., Atlanta, GA 30311

1728-1742 West Forrest Ave., East Point, GA 30344

2040 Stanton Rd., Atlanta, GA 30344

1940-1982 Stanton Rd. East Point, GA 30344

1994 Bent Creek Way, SW Atlanta, GA 30311

Property Name

Crystal at Cascade

Glenn Abbey

the park at greenbriar

The Dogwood

Stanton View Apts

Stanton View Apts

The Preserve At Bank Creek

Average


RENT COMPARABLESOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311 | 59 Feets

Zillow Rent Index- 2 Bedrooms- 5 Years

Zillow Rent Index

$ 1.1 K

2019$ 743

201820172016

$ 1.5 K

$ 1.9 K

$1,730Atlanta

1.4 Breakeven horizon

$1800 Rent List Price

$1.53 Rent list price/sq ft

Atlanta $1,864/month

30331 $1,206/month

$1,569Atlanta- Sandy Springs Rosewell

$1,591United States

Bentwood Alison CT Apartment

Property Name/Address

Chez Moi

Townhomes at Hapeville

New Village Apartments

Franklin Village Apartments

Statan View

Aspen Court Apt.

Harmony Plaza

Bentwood Alison CT

Average

$ 0.87

$ 0.81

$ 0.79

$ 0.64

$0.81

$ 0.83

Rent/SF1BD

$690

$687

$658

$510

$665

$699

$651

$741

$750

$802

$677

$815

$800

$799

$650

$770

2BD

$899

$-

$899

3BD

700

815

800

856

Avg Units SF

831

905

1003

900

900

Units

28

34

64

72

48

Yr Built

1967

1962

1972

1964

1963

Distance

0.8

0.9

1.4

1.3

0.7

1.4

0.6

Ra�ng

1

2

2

2

2

2

2

16.46%<-Lower than Average


MARKET OVERVIEW

Downtown Atlanta Just 7 Miles Away

Fulton County is in the throes of two major developments: Aerotropolis and the redevelopment of Fort McPherson. Both developments will enhance Fulton’s economic landscape by generating white- and blue-collar jobs, and, as a byproduct, expanding development opportunities, retail and restaurant sites, and small business ventures in the area for years to come.

Fulton County is home to Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport and a major passenger and shipping hub, Porsche Cars of North America, Delta Airlines, Chick fil-A, Inc., Atlanta Metro Studios, Tyler Perry Studios, EUE/Screen Gems Movie Studios, Christian City, Georgia Science and Technology Park at Fort McPherson that includes a 488 acre redevelopment that will house an international center of innovation and knowledge in bio-science research.

The Georgia International Convention Center, Georgia’s second largest convention center, is located just miles from the airport and is proven to be a high-demand destination for large meetings and conferences.

Woodward Academy, the nation’s largest independent school and a renowned educational facility, has been serving students since 1900 and is located on a 75-acre campus in Fulton. We are also home to Arlington Christian Academy and Landmark Christian Academy. South Fulton proudly boasts of being home to the Fairburn campuses of both Georgia Military College and Brenau College.

Fulton is one of the safest major communities in the Atlanta area boasting a phenomenal list of assets that include serene sights and destinations as well as celebrated restaurants and lively city centers.

MARKET OVERVIEW FULTONOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311


MARKET OVERVIEW FULTON

Covering more than 300 square miles, Fulton contains a unique mix of urban and suburban. It is the second-largest of Atlanta’s apartment submarkets in terms of inventory, but due to the lower median household income, about 54% of the projects here are 1 & 2 Star assets, compared with a 20% share for Atlanta as a whole. As renter interest has returned to the urban core, this submarket has seen a flurry of renovation projects, which has pushed vacancy higher as construction moves in. More than 3,000 units are currently under renovation, more than making up for limited ground-up construction.

Porsche Cars North America (PCNA), the first business to commit to Aerotropolis, is locating its U.S. headquarters on approximately 26 acres of the site, encompassing approximately 120,000-square-feet and housing up to 450 employees.

In addition: 488-acre Fort McPherson will be turned into Science Park, Employment Center and Live, Work, Learn and Play community containing 3.5 million-square-feet of labs and office space, 1,747 units of residential development, and a campus-style collaborative environment.


Bars show deviation from

Fulton CountyPaul Khansari | Associate Broker RE/MAX [email protected] 404.429.3621 18

5 MILE DEMOGRAPHICSOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

KEY FACTS

212,428Population

35.4

Median Age

2.5

Average Household Size

$34,232Median Household

Income

INCOME

$34,232Median Household

Income

$20,012Per Capita Income

$14,821Median Net Worth

BUSINESS

7,188Total Businesses

102,701Total Employees

EMPLOYMENT

57%White Collar

20%Blue Collar

23%Services

9.8%


3 MILES

5 MILES

2018 Summary 3 Miles 5 MilesPopulation 78,326 210,489

Households 31,779 82,445

Families 17,908 45,880

Average Household Size 2.43 2.45

Owner Occupied Housing Units 13,128 29,313

Renter Occupied Housing Units 18,652 53,132

Median Age 38.6 35.1

Average Household Income $51,258 $48,729

2023 Summary 3 Miles 5 MilesPopulation 80,775 218,199

Households 32,683 85,383

Families 18,491 47,643

Average Household Size 2.44 2.46

Owner Occupied Housing Units 14,069 31,923

Renter Occupied Housing Units 18,614 53,460

Median Age 39.7 36.0

Median AgeAverage Household Income $57,169 $54,456

Median Age

DEMOGRAPHICSOFFERING MEMORANDUM | Brentwood Alison Court | GA 30311

For more information contact:

Paul Khansari | Associate Broker RE/MAX CENTERJohns Creek, GA [email protected] 404.429.3621

Documents

2060 Alison CT SW Atlanta...OFFERING MEMORANDUM | Brentwood Alison Court | GA 30311 | 59 Feets Zillow Rent Index- 2 Bedrooms- 5 Years Zillow Rent Index $ 1.1 K 2019 $ 743 2016 2017