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Ashby Park Apartments 880 Rock St NW

66 Unit Block of Flats £5,953,672 (£90,207/Unit) 5.76% Net Initial Yield Atlanta, GA 30314

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Investment Highlights

All rents are significantly under-market. Opportunities to raise rents without significant renovation to the units.
Located just five minutes from the heart of downtown Atlanta, Ashby Park Apartments places residents at the center of the city's energy and excitement

The location is just a short walk from Ashby MARTA Station, providing convenient access to the Blue and Green train lines.
Benefiting from its unbeatable location, ensuring consistent leasing performance. The proximity to downtown ATL and major employers makes it desirable

Executive Summary

Prime location close to Downtown Atlanta. The Ashby Park Apartments have an extremely strong leasing history with the current owner of 20+ years. Purchase the asset to cashflow as-is or upgrade the property to increase rents significantly. Multiple exit opportunities with this asset.

Ashby Park Apartments - ATL, GA OM (12.6.24)

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£5,953,672	Building Class	C
Price Per Unit	£90,207	Lot Size	3.22 AC
Sale Type	Investment	Building Size	62,986 SF
Net Initial Yield	5.76%	Average Occupancy	100%
No. Units	66	Number of Floors	2
Property Type	Residential	Year Built	1963
Property Subtype	Apartment	Parking Ratio	1.46/1,000 SF
Apartment Style	Garden	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	£5,953,672
Price Per Unit	£90,207
Sale Type	Investment
Net Initial Yield	5.76%
No. Units	66
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	3.22 AC
Building Size	62,986 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1963
Parking Ratio	1.46/1,000 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.