5816 Covington Hwy - Apartments FOR SALE
Decatur, GA 30035 |
678-427-3544
5816 Covington Hwy
Decatur, GA 30035
HIGHLIGHTS
- ATTRACTIVE ASSUMABLE LOAN: Fixed-rate Freddie Mac financing at 5.68%, with interest-only payments through November 2028.
- LONG-TERM OWNERSHIP: Covington Glen has been meticulously maintained by the current owner for the past nine years.
- OPPORTUNIT Y TO PUSH RENTS TO MARKET Competitors’ rents exceed the subject’s in-place rents by $242+.
- INTERIOR VALUE-ADD: 100% of units can be updated to a consistent modern standard.
- ATTRACTIVE RENT TO INCOME RATIO Current in-place rents of $1,110 account for just 15.8% of monthly average household income within a three-mile radius
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Covington Glen
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1989
PARKING SPACES
511
LAND DETAILS
LAND ACRES
21.07 AC
LAND SF
917,809 SF
ZONING
RCD
APN/PARCEL ID
16-026-02-081
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678-427-3544
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678-427-3544
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