3073 Washington Rd - Apartments FOR SALE
East Point, GA 30344 |
3073 Washington Rd
East Point, GA 30344
HIGHLIGHTS
- Lexington Apartments is a 1965-1971-built asset featuring 264 one-, two-, three-, and four-bedroom floorplans averaging 1,104 square feet.
- Amenities include a clubhouse, fitness center, business center, swimming pool, and an outdoor grilling area.
- The average in-place rent of $922 can be increased to over $1,260 by upgrading the 227 remaining classic units.
- The South Atlanta submarket has performed well in recent years. According to CoStar, market rent increased to over 8% YOY in Q1 2022.
- Located in one of the largest & most active industrial submarkets in the country (Airport/N. Clayton) with net absorption avg 5MM SF over the past 3yr
- ocated 3 miles NE of Duke Realty’s Industrial Bus. Park – home to logistics/distribution hubs for: Amazon, Home Depot, FedEx, Clorox, Porsch, ADT
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Reserve at Maple Ridge
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
306856
STORIES
2
YEAR BUILT
1965
PARKING SPACES
500
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
14-0189-0001-018-5,14-0189-0004-120-6,14-0190-0005-108-7
