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1031 Scott Blvd
Decatur, GA 30030
Amberidge Apartments · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Robust Renter Demographics: The market benefits from an average household income of $182,608 and an average home value of $809,942.
- Attractive Rent-to-Income Ratio: Current in-place rents ($1,564) account for only 10.06% of monthly average household income (AHI) within a one mile
- Well-Located Asset: The property is situated within a short drive of Downtown Decatur, providing convenient access to a range of local amenities
- Within a three-mile radius, 87% of the population is employed in white collar positions, and 73% hold a bachelor’s degree or higher.
- Opportunity to Push Rents to Market: Competing properties achieve rents that exceed the subject’s market rents by more than $250.
EXECUTIVE SUMMARY
ALL DD MUST BE DOWNLOADED FROM THE DUE DILIGENCE LINK
The current seller is only the second owner of the property in the last 33 years with significant capital spent on asset preservation over this time. In 2022 all roofs were replaced, the main water line was replaced, and the parking lot was repaired and seal coated.
Located in Decatur, Amberidge benefits from great surrounding demographics. Within a 3-mile radius the HHI averages over $182k, the average home is valued over $809k, and in-place rents account for just over 10% of monthly wages. Amberidge is also just a 15-minute walk from the charming Downtown Decatur, known as an arts and food hub, and Niche’s #4 place to live in Georgia in 2025.
The owner is open to preemptive offers and we expect have a CFO in mid-February. Please let us know when you would like to schedule a tour.
The current seller is only the second owner of the property in the last 33 years with significant capital spent on asset preservation over this time. In 2022 all roofs were replaced, the main water line was replaced, and the parking lot was repaired and seal coated.
Located in Decatur, Amberidge benefits from great surrounding demographics. Within a 3-mile radius the HHI averages over $182k, the average home is valued over $809k, and in-place rents account for just over 10% of monthly wages. Amberidge is also just a 15-minute walk from the charming Downtown Decatur, known as an arts and food hub, and Niche’s #4 place to live in Georgia in 2025.
The owner is open to preemptive offers and we expect have a CFO in mid-February. Please let us know when you would like to schedule a tour.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.41 AC |
| No. Units | 32 | Building Size | 38,127 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2021 |
| Building Class | C | Parking Ratio | 1.84/1,000 SF |
| Zoning | HDSF - 211 - Apartments - Garden | ||
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 38,127 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2021 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | HDSF - 211 - Apartments - Garden |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 2+1 | 31 | - | 890 |
PROPERTY TAXES
| Parcel Number | 18-005-01-049 | Improvements Assessment | $2,838,515 CAD |
| Land Assessment | $540,669 CAD | Total Assessment | $3,379,184 CAD |
PROPERTY TAXES
Parcel Number
18-005-01-049
Land Assessment
$540,669 CAD
Improvements Assessment
$2,838,515 CAD
Total Assessment
$3,379,184 CAD
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