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Mountain Place 4719 Central Dr 168 Unit Apartment Building For Sale Stone Mountain, GA 30083
Investment Highlights
- Opportunity to Push Rent to Market: Competitors’ rents outpace subject’s in-place rents by $287+
- Located in Qualified Opportunity Zone: Federally Designated Qualified Opportunity Zone provides new ownership with several avenues for preferential
- 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
- Occupancy to Increase Occupancy to Market: Subject’s occupancy is below the competitive set’s average. An opportunity exists to create substantial
- 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.
- 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
Property Facts
| Sale Type | Investment | Building Size | 198,600 SF |
| No. Units | 168 | Average Occupancy | 76% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2018 |
| Apartment Style | Garden | Parking Ratio | 1.71/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 15.00 AC | ||
| Zoning | RM100 - Residential | ||
| Sale Type | Investment |
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 15.00 AC |
| Building Size | 198,600 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2018 |
| Parking Ratio | 1.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM100 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Views
- Walk-In Closets
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Gated
- Grill
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 850 |
| 2+1.5 | 28 | - | 1,200 |
| 2+2 | 32 | - | 1,150 |
| 2+2.5 | 28 | - | 1,250 |
| 3+2 | 56 | - | 1,300 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 18-092-01-136 | Improvements Assessment | $7,285,538 CAD |
| Land Assessment | $1,538,862 CAD | Total Assessment | $8,824,400 CAD |
Property Taxes
Parcel Number
18-092-01-136
Land Assessment
$1,538,862 CAD
Improvements Assessment
$7,285,538 CAD
Total Assessment
$8,824,400 CAD
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Mountain Place | 4719 Central Dr
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