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1076 S Main St NE
Conyers, GA 30012
Arbor Creek · Multifamily Property For Sale
·
116 Units
PROPERTY FACTS
| No. Units | 116 | Building Size | 110,300 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1967 |
| Building Class | B | Parking Ratio | 2.09/1,000 SF |
| Lot Size | 10.76 AC | ||
| Zoning | RM | ||
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 10.76 AC |
| Building Size | 110,300 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | RM |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Laundry Service
- Package Service
ABOUT 1076 S MAIN ST NE , CONYERS, GA 30012
•The Life at Arbor Creek features long-lasting brick exteriors and new pitched roofs that were replaced in 2014, keeping exterior maintenance expenses low. •The asset provides investors with 116 spacious units with one-, two-, and three-bedroom floorplans that average a generous 932 SF. Investors will enjoy a healthy unit mix for all household types, with 52% of the property being two-bedroom units, 21% one-bedrooms, and 27% three-bedrooms. •Opportunity to mark to market and increase income by $90,000 per year. •Current ownership has upgraded 32 unit interiors and has received $150-$175 rent premiums. •Opportunity to upgrade the remaining 84 units and increase collections by $150,000 per year. •A new investor has the opportunity to add washer/dryer connections in the 2BR floorplans. •Opportunity to install 0.8 gallon low-flow toilets, which will reduce water expenses. •Just off Hwy. 138 (38,200 vehicles per day) near big-box retail district. •Residents also are just half a mile from the shops, offices, and restaurants of Conyers’ old historic district. •Large recent job announcements by Acuity Brands, Batchelor & Kimball, Three Ring Studios, and Baxalta Pharmaceuticals will boost demand for housing.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 636 |
| 2+1 | 60 | - | 895 - 950 |
| 3+2 | 32 | - | 1,014 - 1,254 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,655,280 | |
| Land Assessment | $136,320 | Total Assessment | $3,791,600 |
PROPERTY TAXES
