404-654-2347
1031 Scott Blvd, Decatur, GA for Sale
Apartments - FOR SALE
1/37
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1031 Scott Blvd
Decatur, GA 30030
Great Lakes


HIGHLIGHTS

  • Robust Renter Demographics: The market benefits from an average household income of $182,608 and an average home value of $809,942.
  • Within a three-mile radius, 87% of the population is employed in white collar positions, and 73% hold a bachelor’s degree or higher.
  • Attractive Rent-to-Income Ratio: Current in-place rents ($1,564) account for only 10.06% of monthly average household income (AHI) within a one mile
  • Opportunity to Push Rents to Market: Competing properties achieve rents that exceed the subject’s market rents by more than $250.
  • Well-Located Asset: The property is situated within a short drive of Downtown Decatur, providing convenient access to a range of local amenities

OVERVIEW

ALL DD MUST BE DOWNLOADED FROM THE DUE DILIGENCE LINK The current seller is only the second owner of the property in the last 33 years with significant capital spent on asset preservation over this time. In 2022 all roofs were replaced, the main water line was replaced, and the parking lot was repaired and seal coated. Located in Decatur, Amberidge benefits from great surrounding demographics. Within a 3-mile radius the HHI averages over $182k, the average home is valued over $809k, and in-place rents account for just over 10% of monthly wages. Amberidge is also just a 15-minute walk from the charming Downtown Decatur, known as an arts and food hub, and Niche’s #4 place to live in Georgia in 2025. The owner is open to preemptive offers and we expect have a CFO in mid-February. Please let us know when you would like to schedule a tour.

FOR SALE DETAILS

PRICE

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# OF UNITS

31

CAP RATE

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% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amberidge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

HDSF

APN/PARCEL ID

18-005-01-049

ASK ABOUT THIS PROPERTY

Ian ShawBerkadia Real Estate AdvisorsMore Info
404-654-2347

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Ian ShawBerkadia Real Estate AdvisorsMore Info
404-654-2347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.