Real Estate and Business
Advisory Group
Financing Development Sales
Call Our Office
1-631-623-2057
PACTZ ATLANTA ONE
Contacts
Vernon Allamby
Project Documents Download
PACTZ ATLANTA ONE
Doc's
Address
505 Pharr Rd NE Atlanta Ga 30305
Date Added
Apr 19, 2021
Property Details
Property Type
Repurpose
Square Foot
62,244
Year Built
1990
Stories
3
8.5%
Offer Cap Rate
Present Use
Unit Count
Minimum Invst
Proposed Offer
Estimated Closing
Hotel
88
$25,000
$9,117,889
$1,000,361
Development Details
P Property Type
P Square Foot
Improvement
Construction Type
Develp Term
Cond Convert
Not Changed
$1.5mill
Stucco
3 Yrs
Proposed Use
P Unit Count
Total Cost
Multifam Rent
88
$13,279,368
Market Detail
Location Type
Population
Area Median Inc
Growth Rate
Metro Area
5,911,00
$82k
2%
Condo Comps
Units Sold 90 Days
Units On Market
Unit Average Sale
Unit Average Per SqFt.
121
50
$252,616
$357
Rental Comps
Available Rental Units
Zip Code
1277
30305
Unit Average Rent
Unit Average Sq Ft.
$1334
707
Project Financials
P Mortgage Int
Term
Proposed LTV
Proposed Equity
Loan Type
4.5%
3 Yrs
60%
$3,972,761
Amortized
U-Sale/Rent Comp Avg
U-Comps Per SqFt
Projected Net of Sales
Projected ROI
Projected IRR
$252,616
$357
$11,357,039
286%
74%
Project Plan and Notes
This is a unique opportunity for you to invest in something truly revolutionary. A little known but rapidly expanding asset class being referred to as multigenerational housing is emerging .
Arela is determined to be at the forefront of this style of development as it truly supports forward thinking for living and housing.
Our unique development style offers Buyers and Renters the flexibility and affordability they seek in today’s competitive rental and for sale market.
The present pandemic is providing opportunities to purchase and repurpose certain undervalued and underutilized real estate assets for purposeful and productive use at a development cost allowing for better than average return on Investment.
We are developing and bringing to market, investor participation friendly properties that offer our residents flexibility. We employ short term lease options and hospitality style living. We design our properties with expandable floor plans and unit configurations to easily accommodate individual or multi person and family shared living.
Our management method offers young and active senior adults amenities and lifestyle experience unique in the housing market place.
The Arela team comprises experienced, active and forward thinking professionals, who are constantly looking forward with creative ideas to meet our resident and buyer demand, ahead of our competition.
For more information and supporting financials please review our proposed Offering Memorandum.