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UNPRICED OFFERING

415 Units Built in 1970 / Renovated 2015

The Opportunity

Berkadia’s Atlanta Investment Sales team is pleased to present the 415-unit Park at Edinburgh multifamily community, boasting 100% two- and three-bedroom floor plans with newly renovated units and townhome availability. Located in the Atlanta MSA, the Southeast DeKalb submarket has exhibited strong fundamental trends since late 2010. Park at Edinburgh’s location along I-20 offers it excellent connectivity to many of South DeKalb’s major employers as well as in-town employment hubs .

Built in 1970, the high-quality subject benefits from extensive capital improvement projects since 2015 and has successfully implemented a multi-tier interior renovation program that is garnering up to $125 rental premiums. In addition to its continued value-add potential, Park at Edinburgh offers multiple additional upside opportunities including substantial mark-to-market and amenity modernization opportunities.

Proven interior value-add program

Park at Edinburgh has proven several tiers of renovations across numerous floor plans encompassing 63% of the property (261 units). Premiums for these renovations range from $50 to $125. The tiered renovation program at Park at Edinburgh provides an investor with a diverse range of options for the continuation of the interior value-add strategy upon acquisition.

GOLD

GOLD DELUXE

PLATINUM

(148 Units, +$50 Over Classic)

  • New Paint
  • Crown Molding
  • Digital Thermostat
  • 2-Inch Faux-Wood Blinds
  • Updated Plumbing Fixtures,
  • Hardware, and Lighting
  • USB Outlets
  • Upgraded Cabinetry

(112 Units, +$75 Over Classic)

  • Gold Upgrades
  • Black Appliances
  • Updated Carpeting
  • Updated Wall Accent

(1 Unit, +$125 Over Classic)

  • Gold Deluxe Upgrades
  • Faux-Wood Plank Flooring
  • Throughout

Proven Renovation Program

Generating $125+ Premiums

UNIT Amenities

  • Fully Equipped Kitchen with Pantry
  • European Light Fixtures*
  • Plantation Blinds*
  • Designer Faucet*
  • Two-Tone Interior Paint
  • Designer Ceiling Fan*
  • Walk-In Closet*
  • Private Balcony
  • Fireplaces* *In Select Units

COMMON AREA Amenities

  • Controlled Access
  • Clubhouse with Business Center
  • Fitness Center
  • Olympic-Size Swimming Pool
  • Lighted Soccer Court
  • Coffee Bar
  • Air-Conditioned Laundry Facility
  • Playgrounds

The Property

LOCATION

ECONOMIC SNAPSHOT

CONTACT US

Investment Advisors

Financing

Three Alliance Center 3550 Lenox Road, Suite 2600 Atlanta, GA 30326 // T. 404.445.1066

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