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Embry Hills 3693-3735 Embry Cir 37 Unit Apartment Building $6,300,000 ($170,270/Unit) 6.08% Cap Rate Chamblee, GA 30341
Executive Summary
- Single-family feel at multifamily pricing — 1,153 avg SF, single-story units with large private decks; more comparable to SFR than traditional apartments
- Rock-solid occupancy — 96%+ since 2023, with 73% of tenants in place 2+ years and 50% for 3+ years
- High-growth submarket — Chamblee/North DeKalb has seen 18.6% rent growth since 2020; avg household income within 1 mile is $119K
- Proven value-add in place — 10 fully renovated units fetching $100–$150 premiums; 17 partially upgraded at $50–$75 premiums; remaining units offer clear upside
- $632K+ in recent capital improvements — asphalt, exterior paint, interior upgrades, water efficiency retrofits; minimal near-term capex needed
- Rock-solid occupancy — 96%+ since 2023, with 73% of tenants in place 2+ years and 50% for 3+ years
- High-growth submarket — Chamblee/North DeKalb has seen 18.6% rent growth since 2020; avg household income within 1 mile is $119K
- Proven value-add in place — 10 fully renovated units fetching $100–$150 premiums; 17 partially upgraded at $50–$75 premiums; remaining units offer clear upside
- $632K+ in recent capital improvements — asphalt, exterior paint, interior upgrades, water efficiency retrofits; minimal near-term capex needed
Property Facts
| Price | $6,300,000 | Building Class | C |
| Price Per Unit | $170,270 | Lot Size | 2.04 AC |
| Sale Type | Investment | Building Size | 42,664 SF |
| Cap Rate | 6.08% | Average Occupancy | 97% |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM100, County | ||
| Price | $6,300,000 |
| Price Per Unit | $170,270 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 42,664 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | RM100, County |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Patio
- Vinyl Flooring
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 745 |
| 2+1 | 2 | - | 945 |
| 2+1.5 | 12 | - | 1,094 - 1,155 |
| 2+2 | 5 | - | 1,706 |
| 3+2 | 7 | - | 1,347 - 1,560 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,579,496 | |
| Land Assessment | $430,184 | Total Assessment | $2,009,680 |
Property Taxes
Parcel Numbers
Land Assessment
$430,184
Improvements Assessment
$1,579,496
Total Assessment
$2,009,680
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Contact the Sale Advisor
Embry Hills | 3693-3735 Embry Cir