415 Fairburn Rd | Atlanta, GA 30331
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- LoopNet Team
415 Fairburn Rd
Atlanta, GA 30331
City Park Apartments · Multifamily Property For Sale
·
208 Units
INVESTMENT HIGHLIGHTS
- Well-capitalized asset with $3.6M spent since 2018
- The average in-place rent of $1,108 can be increased to over $1,490 by upgrading the remaining classic units and performing modest further upgrades to
- The Westside Atlanta submarket has performed well in recent years. According to CoStar, market rent increased 11% YOY in Q1 2022.
- Total electric and features w/d connections in each unit. Amenities include a clubhouse, fitness ctr, business ctr, swimming pool, grilling area
- There is a concrete slab available with the potential to build an additional 8 units.
PROPERTY FACTS
| No. Units | 208 | Building Size | 193,328 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1991 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 17.29 AC | ||
| Zoning | RG3 - Residential | ||
| No. Units | 208 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 17.29 AC |
| Building Size | 193,328 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | RG3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Vaulted Ceiling
- Satellite TV
- Range
- Walk-In Closets
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Playground
- Tennis Court
- Car Wash Area
- Planned Social Activities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 704 |
| 2+1 | 48 | - | 840 |
| 2+2 | 96 | - | 938 |
| 3+2 | 48 | - | 1,077 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,352,560 | |
| Land Assessment | $854,560 | Total Assessment | $6,207,120 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$854,560
Improvements Assessment
$5,352,560
Total Assessment
$6,207,120
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