Multifamily

Biscayne Apartments

5401 Old National Hwy, College Park, GA 30349

Listing Price: $27,750,000

Cap Rate
5.88%
Number of Units
370
Price/Unit
$75,000
Price/Gross SF
$85.28
Gross SF
325,417

Investment Overview

Built in 1972, Biscayne serves as a prime candidate for a continued, value-add program. Due to market demand for upgraded units, Biscayne has implemented an upgrade program allowing for substantial rent increases.

Investment Highlights

  • Comprehensive Capital Infusion Exceeding $1.57M
  • Positive Trend in Both Occupancy and Collections
  • Highly-Marketable Unit Mix

Exclusively Listed By

  • John T. McCalla

    Senior Vice President Investments

    Email John

    License(s): GA: 286386

    Atlanta

Listing Price: $27,750,000

Cap Rate
5.88%
Number of Units
370
Price/Unit
$75,000
Price/Gross SF
$85.28
Gross SF
325,417

Investment Highlights

  • Comprehensive Capital Infusion Exceeding $1.57M
  • Positive Trend in Both Occupancy and Collections
  • Highly-Marketable Unit Mix

Investment Overview

Built in 1972, Biscayne serves as a prime candidate for a continued, value-add program. Due to market demand for upgraded units, Biscayne has implemented an upgrade program allowing for substantial rent increases.

Exclusively Listed By

  • John T. McCalla

    Senior Vice President Investments

    Email John

    License(s): GA: 286386

    Atlanta

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