Do you want content like this delivered to your inbox?
Share
Share

INVESTMENT OPPORTUNITY - Southwinds Point

Dan Wurtele

Living in Vancouver for the past 26 years it has been exciting to watch it grow into one of the most desirable cities in the world...

Living in Vancouver for the past 26 years it has been exciting to watch it grow into one of the most desirable cities in the world...

Dec 18 4 minutes read

Southwinds Point is their 53rd acquisition, and the second acquisition in Atlanta, Georgia. The investment presents an opportunity to double your equity by investing in a cash-flowing property in one of North America's strongest real estate markets. Western Wealth Capital believes investors in Southwinds Point could realize annualized returns as high as 18% and up to 97% of equity returned within four years.

Prime Location

  • Due to certain geopolitical advantages, Atlanta’s burgeoning Southern Crescent is currently undergoing a massive $10 Billion economic renaissance that will form the backbone of Atlanta’s economic commerce in the decades ahead.
  • The property is located just 20 minutes from Hartsfield-Jackson International Airport - the largest employer in the state of Georgia (68,000+ jobs) and the busiest air facility in the world.
  • The airport is the base of a rapidly growing ‘Airport City’ aerotropolis district anchored by the new Porsche North America HQ (450 employees) - $100 million development.

  • Location at the convergence of I-75 & I-675 gives residents quick access to over 300,000 jobs within 15 miles.
  • Atlanta’s logistics-driven corridor along I-75 is home to many of the world’s highest profile warehousing and distribution companies and large international headquarters. 
  • Companies include; The Coca-Cola Company, The Home Depot, UPS, Delta Air Lines and The Southern Company

  • Rents at Southwinds Point currently sit $180 below comparable 1990's assets within a 1.4-mile radius of the property.
  • The current owners are operating with significant disparity between rents of like-units across the property. Western Wealth Capital intends to reduce that disparity using our proven lease management approach. 
  • These actions have the potential to increase the value of the asset by approximately $4.8 million, simply by normalizing and bringing rents to market.

  • All units at Southwinds Point are plumbed and ready for washer/ dryer installations but do not have any equipment. This will mean quick, low-cost and easy washer/ dryer installation. 
  • We plan to install washer/ dryers in 108 of the 240 units (45%) at Southwinds Point and have modeled a projected $40 per month per unit increase in rental income for upgraded units.
  • These washer/ dryer installations have the potential to increase the value of the asset by approximately $942,545.

  • The majority of units at Southwinds Point still retain their original 1993 fittings (see above).
  • Western Wealth Capital plans to complete interior upgrades to 145 of the 240 units (60%) at Southwinds Point. We have modeled a projected $150 per month per unit increase in rental income for upgraded units.
  • These Gold Star Interior Upgrades have the potential to increase the value of the asset by approximately $4.7 million.

  • A high-demand feature in this sub-market, especially by pet owners, are fenced-in backyards, enabling convenience for pets and more private settings for residents. 
  • Southwinds Points presents the opportunity for us to install fenced-in backyards and enhanced patios on ground-floor units and charge an additional $75 per unit per month.
  • These Private Backyard Units have the potential to increase the value of the asset by approximately $818,182.


For More Information

Text or Call: 604.809.0834

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info