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Manchester Ridge 3100 Godby Rd 330 Unit Apartment Building For Sale College Park, GA 30349
Investment Highlights
- REO Sale: Unique opportunity to acquire a lender-owned asset with significant upside potential.
- Opportunity to Push Rent to Market: Competitors’ rents outpace subject’s market rents by $169+.
- Capital Infusion: Since April 2025, the lender has invested $1.4MM ($4,437/unit) in asset preservation, curb appeal, and resident experience.
- Interior Value-Add: 158 (47.9%) of units can be updated to a consistent modern standard.
- Opportunity to bring 19 down units online to boost property revenue $230K+ annually
- Spacious Unit Mix: Spacious, one- and two-bedroom floor plans averaging 996 SF. Notably, 79.0% of units are two-bedrooms averaging 1,071 SF
Property Facts
| Sale Type | Investment | Lot Size | 23.77 AC |
| No. Units | 330 | Building Size | 349,147 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2020 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Zoning | MF, College Park | ||
| Sale Type | Investment |
| No. Units | 330 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 23.77 AC |
| Building Size | 349,147 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | MF, College Park |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Freezer
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Basketball Court
- Planned Social Activities
- Smoke Free
- Maintenance on site
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 69 | - | 700 - 743 |
| 2+2 | 72 | - | 1,016 |
| 2+1.5 | 153 | - | 1,062 |
| 2+2.5 | 36 | - | 1,218 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,107,773 CAD | |
| Land Assessment | $3,819,259 CAD | Total Assessment | $12,927,031 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,819,259 CAD
Improvements Assessment
$9,107,773 CAD
Total Assessment
$12,927,031 CAD
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Manchester Ridge | 3100 Godby Rd
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