This Multifamily Property is no longer advertised on LoopNet.com.
2001 Old Concord Rd
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
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
26.24 AC
Building Size
402,590 SF
Average Occupancy
91%
No. Stories
2
Year Built/Renovated
1967/1995
Parking Ratio
0.5/1,000 SF
Zoning
RM-12
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
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
Multiple
17-0349-0-005-0
17-0350-0-055-0
17-0349-0-020-0
Improvements Assessment
$20,928,656
Land Assessment
$4,237,344
Total Assessment
$25,166,000
