Marcus & Millichap is pleased to present Chestnut Lane Apartments, a compelling acquisition opportunity offered at an attractive cap rate. With the expiration of the USDA Rural Development (RD) affordability restrictions, the Property has transitioned to market-rate operations. Existing in-place tenants are receiving RD-issued tenant-based vouchers to offset the increase from restricted rents to market rents. These vouchers are assigned to the tenant—not the Property—and provide a temporary income bridge as units naturally turn over and are re-leased at market rates. Well positioned within a quiet residential neighborhood, the asset benefits from its desirable setting and steady rental demand. Newnan, GA continues to experience rapid growth as a sought-after Atlanta submarket, with the population projected to increase approximately 2.3% over the next several years. View Property Listing: https://www.marcusmillichap.com/properties/184559/chestnut-lane-apartments