115 Rock Quarry Rd | Stockbridge, GA 30281
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- LoopNet Team
115 Rock Quarry Rd
Stockbridge, GA 30281
The Reserve at Stockbridge · Multifamily Property For Sale
·
88 Units
INVESTMENT HIGHLIGHTS
- Built in 1987, the asset is well-occupied, in excellent condition, and primed for a value-add program.
- 99% occupied with less than 1% bad debt over trailing 6 month financials
- With significant renovations implemented over the last few years, the subject supports a $250 rent premium through a continued light value-add program
- Located in the highest rent growth submarket in nation at nearly 14% since pandemic onset, according to CoStar.
- Nearby competitor properties achieving $316-$420 premiums over subject’s rents through light value-add programs
- Desirable features such as recently replaced pitched roofs with architectural shingles, durable vinyl siding, concrete slab foundations, ext entryways
PROPERTY FACTS
| No. Units | 88 | Building Size | 91,996 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Lot Size | 11.28 AC | ||
| Zoning | R3 - Residential | ||
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.28 AC |
| Building Size | 91,996 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Range
- Tub/Shower
- Sunroom
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 32 | - | - |
| 2+2 | 56 | - | - |
PROPERTY TAXES
| Parcel Number | 0S27-01-008-000 | Improvements Assessment | $4,437,520 |
| Land Assessment | $554,480 | Total Assessment | $4,992,000 |
PROPERTY TAXES
Parcel Number
0S27-01-008-000
Land Assessment
$554,480
Improvements Assessment
$4,437,520
Total Assessment
$4,992,000
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