4015 Covington Hwy | Decatur, GA 30032
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4015 Covington Hwy
Decatur, GA 30032
Forty15 Apartment Homes · Multifamily Property For Sale
·
106 Units
INVESTMENT HIGHLIGHTS
- Forty15 is located in Atlanta’s gentrifying Decatur area. The asset was built in 1963 and features quality brick construction.
- A new owner has the opportunity to bring all units to a consistent renovated level and enjoy an estimated $360-$430 in additional rent, which is prove
- One mile from DeKalb Co. government complex, and within a five-mile radius of major employment hubs: Emory Univ. and Hospital, and downtown Decatur
- The units are a mix of townhome and garden-style two-bedroom units. All townhome units have washer / dryer connections.
- Excellent visibility and exposure facing highly-traveled Covington Highway (22,600 vehicles per day) with immediate access to I-285 (191,746 vehicles
- Convenient to two MARTA rail stations
PROPERTY FACTS
| No. Units | 106 | Building Size | 108,076 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 8.60 AC | ||
| Zoning | RM75 | ||
| No. Units | 106 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.60 AC |
| Building Size | 108,076 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | RM75 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 110 | - | 943 - 1,110 |
PROPERTY TAXES
| Parcel Number | 15-220-02-064 | Improvements Assessment | $5,583,600 |
| Land Assessment | $356,400 | Total Assessment | $5,940,000 |
PROPERTY TAXES
Parcel Number
15-220-02-064
Land Assessment
$356,400
Improvements Assessment
$5,583,600
Total Assessment
$5,940,000
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