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Dream Court Apartments 2410 Benjamin E Mays Dr SW

32 Unit Apartment Building $3,300,000 ($103,125/Unit) 6.40% Cap Rate Atlanta, GA 30311

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Investment Highlights

The property has a solid rent structure that provides steady cash flow.
Nearby John A White Park & Golf Course caters to outdoor enthusiasts, and the 15-minute drive to downtown Atlanta adds urban convenience.

The complex offers walking access to local shops and eateries, while a major shopping center and Highway 285 are a brief drive away.
he property is also just 20 minutes from Hartsfield International Airport, enhancing its appeal for those who travel frequently.

Executive Summary

This offering presents an investment opportunity in Dream Court Apartments, located in Atlanta, GA. The multi-family property comprises two buildings with a uniform 2-bedroom, 1-bathroom unit configuration. Built in the mid-1950s, the complex enjoys a high occupancy rate at 94%, making it a stable asset for prospective investors. The property has a solid rent structure that provides steady cash flow. Notably, there's room for income growth; targeted updates to unit interiors could justify increased rent levels, amplifying the asset's revenue
potential significantly. The complex offers walking access to local shops and eateries, while a major shopping center and Highway 285 are a brief drive away. Nearby John A White Park & Golf Course caters to outdoor enthusiasts, and the 15-minute drive to downtown Atlanta adds urban convenience. The property is also just 20 minutes from Hartsfield International Airport, enhancing its appeal for those who travel frequently.
The CAP Rate represents the estimated rate considering the occupancy rate, normal conditions, and not including rehabs or capital improvements.

Dream Court Offering Memorandum_8.12.24.pptx

Property Facts

Price	$3,300,000	Building Class	C
Price Per Unit	$103,125	Lot Size	1.93 AC
Sale Type	Investment	Building Size	34,416 SF
Cap Rate	6.40%	Average Occupancy	94%
No. Units	32	No. Stories	2
Property Type	Multifamily	Year Built	1955
Property Subtype	Apartment	Parking Ratio	1.45/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,300,000
Price Per Unit	$103,125
Sale Type	Investment
Cap Rate	6.40%
No. Units	32
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	1.93 AC
Building Size	34,416 SF
Average Occupancy	94%
No. Stories	2
Year Built	1955
Parking Ratio	1.45/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.