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4694 Cowan Rd
Acworth, GA 30101
Villas at Lake Acworth · Multifamily Property For Sale
·
216 Units
PROPERTY FACTS
| No. Units | 216 | Building Size | 147,600 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 18.03 AC | ||
| Zoning | RM-8 | ||
| No. Units | 216 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 18.03 AC |
| Building Size | 147,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | RM-8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Tennis Court
- Corporate Suites
- Tanning Salon
- Cabana
- Car Wash Area
- Pet Play Area
- Walking/Biking Trails
ABOUT 4694 COWAN RD , ACWORTH, GA 30101
-Well-built asset features desirable floorplans and generous amenity package. -Subject's currently rising rents can be further increased without over-pricing vs. nearby competitors. -Rent-restricted units (which are 25% of total) have rents that are well below the maximum the FDIC allows. -A $2,000 per unit interior upgrade should produce a $40-$70 rent premium. -Site close to I-75 (109,000 vehicles per day) which is convenient to employers, education, retail, and leisure in both Acworth and Kennesaw. -Growing neighborhood has been boosted by development of Publix center, a Cabela's superstore, and business parks. -Strong population growth in a submarket with sought-after school system and limited multifamily development. -Near massive and growing LakePoint sports complex, which boosts local economy.
PROPERTY TAXES
| Parcel Number | 20-0029-0-025-0 | Improvements Assessment | $4,534,964 |
| Land Assessment | $3,145,036 | Total Assessment | $7,680,000 |
PROPERTY TAXES
