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SEAN: Moran and Company is pleased to announce the Southeast office’s newest exclusive listing. Saint Andrews is a garden style apartment community in the heart of Atlanta’s affluent Johns Creek submarket. This property offers investors the unique opportunity to invest in a proven value-add strategy multi family modular homes pennsylvania . Hi, I’m Sean Henry with Moran and Company. Johns Creek has established itself as one of the very top public school districts in the state of Georgia. Within Johns Creek, the St. Andrews school district is known as the best. This deserving reputation has attracted a very high-income demographic. Atlanta’s top executives enjoy the area’s country club lifestyle and high end executive housing. The demand to live in this area has resulted in very strong rental growth among the limited number of multifamily properties. Johns Creek is one of Atlanta’s most affluent suburban communities with 5 private country clubs and one public golf course. The strong draw to this area has resulted in a resident base that can afford very high rent and desires luxury housing with top quality finishes.
The current ownership has successfully implemented a comprehensive value-add strategy, multi family modular homes new york resulting in strong rent increases. The large floorplans and 9 foot ceilings, making it ideal for such a strategy. These upgrades have been completed on approximately 30 percent of the property and demand continues to grow. A new investor should continue these improvements, as the large, functional floor plans have proven to be an ideal canvas for renovation. John’s Creek has been very opposed to the development of multifamily properties. As a result there have been few new properties developed. The newer properties that have been built in this submarket have included much smaller floor plans. Therefore the revitalized units at Saint Andrews actually offer prospective residents a housing option that is superior to the newer product. Investors will enjoy stronger rent growth and returns as this strategy continues to drive revenues. St. Andrews is truly a special property and I am confident investors will find many opportunities to generate strong returns with this asset. I invite you to come out and experience for yourself a tour of this unique property its unparalleled location.