This Property is no longer advertised on Showcase.com.
Off Market
1/39

4663 Waldrop Dr
Forest Park, GA 30297


HIGHLIGHTS

  • Since 2018, ownership has spent over $2.2 million on property improvements.
  • Market occupancy is 94%. A capital event, fresh management, and investment can bring this asset back to market.
  • The proforma is very conservatively underwritten. It assumes no rent growth and 9% bad debt (currently 11.5%).
  • Since Spring 2022, the average sales comp price per unit is $111,000.
  • Opportunity to renovate 42 remaining classic units and push rents $107-$264 over today’s in-place rents.

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY NAME

Forest Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

122111

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-0047C-00B-042,13-0047C-00B-043