5-acre parcel from the 985 Mt. Zion Roadway, when you look at the residential district Atlanta. New 34-strengthening property was produced in 1972 and you will consists of 31 one or two-rooms rentals of 1,153 square feet, 23 several-bedroom/townhouse units of 1,091 sqft and 40 three-rooms leases (1,223 sq ft).
The latest Pines of Southlake together with altered give seven times during the . Currently it is owned by RW Equities, hence received they from inside the 2021 away from Top Bay Classification having $10.5 mil, otherwise $112,903 for every single unit, with the aid of a good $9.forty-five mil loan held by the Harbor Group Around the globe and you will owed into the 2026. Top Bay Category stored they just for fourteen months, when big date the fresh new sales rates flower by the a hefty 64 per cent, just like the per-product price endured on $69,000 at the time of its 2020 pick.
Going back to 2012, the information suggests that that it investment try one of several market meltdown-influenced characteristics, because it was the topic of a property foreclosure on the good CMBS loan placed in 2004 on the new dominating amount of $step three.5 million.Detalles