Fieldcrest Walk

Consistent, Strong Property Performance: 96.37% average occupancy since 2021 with over 4% annual rent growth. CoStar projects another 4.4% increase in the next 12 months.

Significant Value-Add Upside: Rising collections over five years despite no upgrades since 2019. With 92% classic units and lite upgrades earning $200-$300 premiums, there’s strong value-add potential. Site supports 17-48 additional units.

Property Fundamentals: Built in 1990 with brick/vinyl exteriors, pitched roofs, copper wiring, and sprinklers. Units average 960 SF, are fully electric with W/D connections, and 70% are two-bedroom.

Best-in-Class Amenities: The property features two large swimming pools, two tennis/sport courts, laundry facility, playground, car care center, dog park, and pond with a gazebo. 

Attractive Assumable Loan: The property is available well below replacement cost with either new financing or through the assumption of an attractive 3.5% interest rate Fannie Mae Loan. In addition, a supplemental loan is available to take proceeds at or near 70% LTV.

Regional Growth & Infrastructure Investment: Over $6B in economic investment is bringing 9,400+ new jobs, including 7,500 from Rivian’s nearby EV plant, while major DOT projects aim to cut commute times by up to 44% along I-285 and I-20 for 30,000 daily commuters.

Submarket Fundamentals with Impressive Demographics: From 2003 to 2020, Rockdale and Newton Counties saw no market-rate multifamily deliveries, creating a substantial gap in the workforce housing rental market. Over the past two years, median household income within a 3-mile radius has increased by 34%, now exceeding $70,000. Additionally the population is projected to grow by nearly 12% over the next five years.