Fairburn-Gordon I & II 193-213 Fairburn Rd NW Immeuble residentiel 160 lots À vendre Atlanta, GA 30331

The Waller Group is pleased to present a rare, deep value-add opportunity in West Atlanta. This 160-unit property, built in 1972, was previously operated as an affordable housing community and has recently been converted to market rate, with no remaining affordability restrictions. The asset offers significant upside potential through a full repositioning over a 24–36 month period, supported by attractive, owner-provided financing that is more favorable than market terms. Recent capital improvements include full roof replacements in 2021 and exterior siding repairs and painting completed in 2023. The property does not contain aluminum wiring. The current ownership is seeking to sell due to absentee management, limited experience operating at market rate, and a desire among partners to liquidate.
All units offer immediate upside through interior renovations, with a functional mix of two- and three-bedroom floorplans spread across 11 buildings. The layout allows for efficient, phased rehab, including updates to flooring, cabinets, appliances, fixtures, and common areas. Additional upside includes branding upgrades, RUBS implementation, and a water conservation plan to enhance income and reduce expenses. Centralized leasing and maintenance operations further support cost-effective management.
Strategically located near major employment hubs and logistics corridors, the property is insulated from new multifamily supply and benefits from strong submarket occupancy. Investor interest continues to grow in this corridor, supported by favorable demographic trends and long-term tenant demand. Ownership is divesting due to strategic realignment, offering a unique opportunity for an experienced operator to reposition and stabilize the asset.
Seller will review and respond to offers on a first-come, best terms basis and plans to have a Letter of Intent (LOI) with a qualified buyer executed on or before August 22nd, 2025. Seller financing is available with leverage up to 68% Loan-To-Cost (LTC) at an attractive interest rate.