Income-Producing, 100-Unit Townhome Apartment Complex

Metropolitan Garden Townhomes is located in close proximity to the Fulton Industrial District, the largest business complex in the Atlanta region. The townhomes are also eight miles west of Atlanta’s central business district, which is easily accessible do to the property’s close proximity to interchange I-20 and I-285. With 15 Fortune 500 and 26 Fortune 1000 companies that call the region home and a highly skilled workforce of over 2.5M residents, the metro Atlanta area is a vibrant metropolis and attractive marketplace for investors.UPDATED BID DEADLINE: September 12 ON-SITE INSPECTIONS: By Appointment Only ALL QUALIFYING BIDS ARE REQUIRED TO BE AT OR ABOVE $13,800,000. 90% OCCUPIED I PRO-FORMA NOI: $873,000 U.S. Bankruptcy Court Eastern District of New York (Brooklyn) Bankruptcy Petition #: 1-22-42718 jmm | In re: Acorn Real Property Acquisition, Inc. ------------------------------------------------------------------------------------------------------------------------------------------- Metropolitan Garden Townhomes (MGT) is a stabilized, income-producing complex and represents an excellent opportunity to acquire a recently renovated, 100-unit, townhome-style apartment complex situated in a qualified Opportunity Zone. MGT is conveniently located close to fantastic employment opportunities for tenants, major interstates, colleges, large corporations and retail. This well-maintained complex consists of eleven, two-story buildings and features all two-bedroom, one-and-a-half-bathroom apartments with ample on-site parking in a secure, gated community. Units feature updated kitchens with dishwashers, in-unit washers and dryers, as well as updated bathrooms.