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Celeste on North

44 units located in Athens, Georgia

Targeted Returns

16.7%

Internal Rate of Return

1.55x

Equity Multiplier

3-5 Year

Hold period

5-6%

Cash on Cash Return

PROPERTY

# of Units: 44

Year Built: 1985

Parcel Size: 3.00 Acres

Unit Mix: 44 x 2bd/2ba

Avg Unit Size: 1,050 SqFt

Net Rentable: 46,200 SqFt

 

Property Management: Georgia Legacy

BUSINESS PLAN

Planned Hold: 3-5 years

Capital Expenditures 

  • Resurface parking lot

  • Remodel units

  • Streamline utilities

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Stabilization Timeline: 18 months

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Property Overview

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