170 Mitchell SW St Atlanta, GA 30303-3424
This exceptional investment opportunity presents a portfolio of preferred equity in a stabilized, cash-flowing multifamily portfolio. The offering totals $2,853,000 and boasts a projected 6.5% cap rate. The portfolio comprises 857 units across ten buildings, each three stories high, totaling 857 units. Constructed between 1956 and 2020, with renovations completed in 2021, these properties are well-maintained and currently enjoy a 98% occupancy rate as of May 1, 2024. The portfolio is classified as Class C and is zoned for multifamily use. The investment structure is preferred equity, senior to common equity and junior to a first mortgage. All investments are secured by personal guarantees from the deal sponsor, and an unrestricted power of attorney to sell the asset after sixty days is in place. Three of the eight notes are fully amortizing, while the remaining five amortize at rates between 25% and 75%. Remaining terms range from 41 to 55 months. The portfolio includes seven multifamily properties and one manufactured housing property, with five considered Naturally Occurring Affordable Housing (80% AMI) and three located in Section 8 markets. These properties are located across five states: Georgia, Minnesota, Indiana, Michigan, and Washington, D.C. The specific addresses will be provided during the due diligence process. Monthly distributions to investors commence immediately. Minimum investment is $250,000.
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Jason Coffman Law Office Law Firm
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David Lefkowitz, The Lefkowitz Firm, LLC Law Firm
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NEWPORT RE LP Corporate Office Financial Advisor
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Flip Investment Group Financial Advisor
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Phillip Rogers Investments Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SPI1 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.