This Multifamily Property is no longer advertised on LoopNet.com.
1631 Stanton Rd SW
Aspen Courts · Multifamily Property For Sale
·
157 Units
INVESTMENT HIGHLIGHTS
The South Atlanta submarket saw an 8% revenue growth and a 7.3% rent change from Q1 2019 to Q1 2021, according to RealPage.
All water supply lines and 90% of HVAC systems have been replaced within the last 3 years and select new panel boxes
Desirable construction elements include: total electric units, dual-pane windows, covered exterior breezeways, and pitched roofs.
Nearby renovated competitors offer support for even further rent increases through interior upgrades.
PROPERTY FACTS
No. Units
157
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
8.55 AC
Building Size
137,988 SF
Average Occupancy
89%
No. Stories
2
Year Built
1971
Parking Ratio
1.28/1,000 SF
Zoning
RG2; RG2C
AMENITIES
UNIT AMENITIES
Air Conditioning Balcony Cable Ready Dishwasher
Heating Ceiling Fans Kitchen
Tub/Shower Carpet Wheelchair Accessible (Rooms)
SITE AMENITIES
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
2+1
157
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-
PROPERTY TAXES
Parcel Numbers
Multiple
14-0153-0005-075-3
14-0153-0005-081-1
Improvements Assessment
$795,360
Land Assessment
$424,600
Total Assessment
$1,219,960
