4719 Central Dr - Apartments FOR SALE
Stone Mountain, GA 30083 |
404-654-2600
4719 Central Dr
Stone Mountain, GA 30083
HIGHLIGHTS
- Opportunity to Push Rent to Market: Competitors’ rents outpace subject’s in-place rents by $287+
- Occupancy to Increase Occupancy to Market: Subject’s occupancy is below the competitive set’s average. An opportunity exists to create substantial
- Located in Qualified Opportunity Zone: Federally Designated Qualified Opportunity Zone provides new ownership with several avenues for preferential
- Proven Value-Add: Opportunity to renovate 86 (51.2%) classic units and 47 (28.0%) updated units to the premium level and achieve $155+ premiums.
- Attractive Rent-to-Income Ratio: Current in-place rents ($1,184) accounts for only 18.7% of monthly AHI within a three-mile radius. AHI exceeds $75
- Spacious Unit Mix: one-, two, and three-bedroom floorplans available with 86.3% two- and three bedrooms averaging 1,235 SF. Additionally, 32.8% of
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Mountain Place
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1972
PARKING SPACES
288
LAND DETAILS
LAND ACRES
15 AC
LAND SF
653,400 SF
ZONING
RM100
APN/PARCEL ID
18-092-01-136
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404-654-2600
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404-654-2600
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