678-894-2219
1991 Delowe Dr SW, Atlanta, GA for Sale
Apartments - FOR SALE
1/19
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1991 Delowe Dr SW
Atlanta, GA 30311
Campbellton Road


OVERVIEW

PROPERTY FUNDAMENTALS Brentwood Townhomes consists of spacious one-, two-, and three-bedroom units and features 84% townhomes floorplans. Averaging 1,035 SF, the floorplans are some of the largest in the micro market and are equipped with copper wiring and fully electric systems. The property features a robust amenity package with a newly refurbished leasing office (currently not in use). The property also benefits from new supply and waste lines, updated panel boxes, and mechanical systems. SIGNIFICANT CAPITAL INFUSION Previous ownership, who has a development arm, reset the economic life of the property in 2020 with a massive renovation. At this time brand new features were added such as roofs and gutters, windows, HardiPlank siding, horizontal and vertical water supply lines, CPVC waste lines, HVAC systems, water heaters, and six-panel exterior doors. In 100% of the units, there were updated features that include granite countertops, new cabinet faces and boxes, vanity sinks, bathtub inserts, lighting packages, hardware packages, flooring replacement, greyscale paint schemes, and Energy Star appliance, and more. COMPELLING SCALE & ATTRACTIVE BASIS With a previous sale price of $42M, Brentwood Townhomes allows potential investors to acquire a heavily renovated property at a steep discount to its previous value. In addition, with 298 units, the asset offers meaningful operational scale in an immediate location with limited competition. VALUE ADD OPPORTUNITY Brentwood Townhomes currently operates with 298 units after two were combined for a community center but can be restored to 300 units with minimal capital. The recently refurbished clubhouse allows the leasing office, currently in a 3BR unit, to be relocated, freeing an additional unit for rent. With 50% occupancy, 14 down units needing repairs, and the opportunity to re-establish washer/dryer connections for added revenue, the property offers strong upside potential for a new owner. LEGISLATIVE AND LEGAL REFORM Recent state and county legislation has created a more favorable environment for property owners, streamlining operations and enhancing legal protections. Senate Bill 68, recently passed in Georgia, reforms the civil litigation process by limiting excessive lawsuits and damage awards. PRIME CONNECTIVITY Ideally positioned along Arthur B. Langford Parkway, Brentwood Townhomes is just 3 miles from I-285 interchange, providing seamless access to Hartsfield-Jackson Airport, I-85 and I-20, and 5 miles from Downtown Atlanta. This connectivity supports efficient commutes to major employment centers across the Atlanta metro.

FOR SALE DETAILS

PRICE

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# OF UNITS

298

CAP RATE

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% LEASED

61%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brentwood Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

600

LAND DETAILS

LAND ACRES

25.97 AC

LAND SF

1,131,253 SF

ZONING

RG3, Atlanta

APN/PARCEL ID

14-0186-0001-049-3

ASK ABOUT THIS PROPERTY

Taylor BrownBrown Realty AdvisorsMore Info
678-894-2219

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Taylor BrownBrown Realty AdvisorsMore Info
678-894-2219

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