500 Unit Value Add Opportunity
This 500 unit property presented a unique opportunity to invest in a well located but incredibly distressed multifamily asset in close proximity to the University of Georgia. The property was in an extreme state of disrepair and had been mismanaged for many years. Although it was once one of the most popular off-campus student housing communities in Athens, the property had devolved into a local eyesore and a quasi-slum. However, it still retained its excellent location and layout. The 30-acre site is situated on the main thoroughfare leading to campus and surrounded by some of the best commercial developments in Athens, and AH Capital saw an opportunity to restore the property to its former status.
Net Operating Income