2328 Campbellton Rd.
Atlanta, GA 30311 ·
210 Units · Multifamily For Sale
|No. Units||210||Property Use Type||Investment|
|Building Size||220,572 SF||Cap Rate||7.75%|
|Listing ID: 15783472||Date Created: 07/01/2008||Last Updated: 07/29/2008|
Appletree Townhomes is a 210-unit apartment complex located at 2328 Campbellton Road in Atlanta, Georgia. This property offers easy access to Langford Parkway (GA 166) and is convenient to Downtown Atlanta.
Appletree Townhomes were built in 1969 and offer spacious 1 bedroom townhome units of approximately 895 square feet, 2 bedroom townhome units of approximately 1,082 square feet, and 3 bedroom townhome units of approximately 1,134 square feet. All of the units have central heat and air and are all electric. Unit amenities include spacious bedrooms, 2-story floor plans, W/D connections in select units, and private patios.
The buildings are framed construction with brick facade. Community Amenities include a gate with controlled access, on-site laundry facilities, a clubhouse, and ample on-site parking.
Appletree Townhomes are located within 10 minutes of Downtown Atlanta off of Campbellton Road. This location is part of the Campbellton-Cascade Redevelopment Corridor and the Campbellton Road TAD. Also located just down the street is Ft. McPherson which was slated to close no later than 2010 by the 2005 BRAC Commission. There are redevelopment plans already in place for the land currently being used for Ft. McPherson.
Appletree Townhomes are a part of the Campbellton Road Tax Allocation District. TADs are designated as a way to bring new development into an area by reducing taxes thus making new development a stable investment. With the new development comes job growth, population increase, and in the end increased tax revenue.
The Ft. McPherson redevelopment plans will bring job growth and population increase to the area as well. With the redevelopment of Ft. McPherson into a live, work, play community, jobs and attractive housing will be created thus keeping current residents employed and attracting new residents to the area due to job growth and housing availability.
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