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Audobon Place

B-Class community, 126 Units, Oakwood, GA


 

Property:


Audobon Crest is a B-class community comprised of 126 units. The property sits in a highly desirable location within Hall County, located in the city of Oakwood, giving residents the ability to commute easily between Gainesville & the Sugarloaf Business District for employment.


 

Strategy:

Reposition the property from a former “tax credit” (lower income) property into a market-rate property. Implement renovations and improvements along with strong management to improve the resident demographic.


Appeal to a much higher resident demographic who is looking for a better value than A+ luxury but wants to live in a fully amenitized property that is well run.

 


Highlights:

Our business plan includes the following improvements.

  • With a renovation budget of $1,069,000, we are upgrading all units to achieve market rents.

  • The property also has some external repairs that will be addressed in our budget help beautify the property and appeal to a more upscale tenant base.

  • We’ll also convert this to a “Green Asset” by installing energy saving devices such as low-flow toilets and LED lighting.

 

We’re here to make real estate investing simple and effective.

We’ve partnered with over 200 individuals, like yourself, to invest in real estate and create passive income. Over 60% of our clients are repeat investors and more than half have come from referrals.


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