The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Eden at Lakeview, a 255-unit generational investment opportunity strategically located on the very desirable Alpharetta Alpha Loop. The property’s high-quality construction with unique amenities and modern finishes (large kitchen island, gas range/stove, tile to the ceiling in the bathrooms) attracts an impressive resident base with a ~$185K average household income. Eden at Lakeview boasts four fully leased retail bays totaling 11,954 SF. Also, this asset is within close proximity to several community lifestyle amenities, such as Downtown Alpharetta, Avalon and Halcyon.
Additionally, the property has a highly accretive 10-year tax abatement with its first effective year being 2025, which provides $6.5M of additional loan proceeds and a ~110-basis point boost to the additional average annual yield.
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