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2717 Shell Bark Rd
Decatur, GA 30035
Arborside Apartment Homes · Multifamily Property For Sale
·
149 Units
PROPERTY FACTS
| No. Units | 149 | Building Size | 221,696 SF |
| Property Type | Multifamily | Average Occupancy | 70% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2003 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 25.60 AC | ||
| Zoning | RM100 - Residential, Multifamily | ||
| No. Units | 149 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 25.60 AC |
| Building Size | 221,696 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2003 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RM100 - Residential, Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Tub/Shower
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Picnic Area
- Playground
- Tenant Controlled HVAC
- Breakfast/Coffee Concierge
- Grill
- Pet Play Area
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 2717 SHELL BARK RD , DECATUR, GA 30035
•The Life at Snapfinger Woods is a desirably-sized property consisting of 149 units, which provides economies of scale for operations. •Early 1970s-built asset was constructed in the “Big House” style by a home builder, as opposed to a multifamily developer. The unusual floorplans average a huge 1,516 SF. This gives the property unique appeal. •The property is composed of one, two, three, and four bedroom floorplans. All bedrooms are large and have spacious closets, which makes the floorplans feel like single-family homes. •Opportunity to steadily burn off mark-to-market and significantly boost collections by $140,000+. •50%+ interiors have LVT wood-look flooring •Offered as an assumption of existing debt and cash-flowing at 82% occupancy will allow a new investor to generate exceptional returns by simply bringing 9 down units online and increasing occupancy. •Attractive price per unit. •The subject benefits from excellent visibility from the road and access to MARTA.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 44 | - | 847 - 990 |
| 2+1 | 16 | - | 1,156 |
| 2+2 | 1 | - | 1,582 |
| 3+2 | 14 | - | 1,740 - 1,821 |
| 4+4 | 74 | - | 2,079 - 2,377 |
PROPERTY TAXES
| Parcel Number | 16-009-01-005 | Improvements Assessment | $7,151,960 |
| Land Assessment | $88,040 | Total Assessment | $7,240,000 |
PROPERTY TAXES
