This Multifamily Property is no longer advertised on LoopNet.com.
4015 Covington Hwy
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
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
8.60 AC
Building Size
108,076 SF
Average Occupancy
95%
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
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
$2,817,640
Land Assessment
$382,360
Total Assessment
$3,200,000
