1901 Old Concord Rd | Smyrna, GA 30080
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1901 Old Concord Rd
Smyrna, GA 30080
Arbors at Smyrna · Multifamily Property For Sale
·
361 Units
INVESTMENT HIGHLIGHTS
- Located in Cobb County, a highly-desirable north Atlanta location with high growth rates and strong demographics.
- 97% of units are unrenovated providing further value-add opportunity
- The current owner spent $1.9M+ in recent capex, which includes a new fitness center.
- The Arbors at Smyrna apartments feature market-superior one-, two-, and three-bedroom floorplans averaging a spacious 1,184 SF, 76% are townhomes
- High occupancy with 20 tenant waitlist through October 2021.
- Within a three-mile radius of the property, the median household income is $56,577 according to Claritas. Located in Federal Opportunity Zone
PROPERTY FACTS
| No. Units | 361 | Building Size | 402,590 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1967/1995 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Lot Size | 26.24 AC | ||
| Zoning | RM-12 - Moderate-Density Multi-Family Residential | ||
| No. Units | 361 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 26.24 AC |
| Building Size | 402,590 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1995 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | RM-12 - Moderate-Density Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Tennis Court
- Gated
- Laundry Service
- Pet Play Area
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
| 2+2 | 140 | - | - |
| 3+2 | 34 | - | - |
| 2+1 | 155 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,958,696 | |
| Land Assessment | $4,237,344 | Total Assessment | $24,196,040 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,237,344
Improvements Assessment
$19,958,696
Total Assessment
$24,196,040
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