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2717 Shell Bark Rd
Decatur, GA 30035
Arborside Apartment Homes · Multifamily Property For Sale
·
149 Units
PROPERTY FACTS
| No. Units | 149 | Building Size | 221,696 SF |
| Property Type | Multifamily | Average Occupancy | 70% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2003 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 25.60 AC | ||
| Zoning | RM100 - Residential, Multifamily | ||
| No. Units | 149 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 25.60 AC |
| Building Size | 221,696 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2003 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | RM100 - Residential, Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Tub/Shower
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Picnic Area
- Playground
- Tenant Controlled HVAC
- Breakfast/Coffee Concierge
- Grill
- Pet Play Area
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
ABOUT 2717 SHELL BARK RD , DECATUR, GA 30035
Key property highlights: 149 unit apartment complex built in the 1970s in Atlanta's growing East Dekalb sub-market. Property is 90% occupied today Very large floorplans and favorable unit mix - average unit size at Snapfinger is over 1,500sqft and over 70% of the units are large 2,3, and 4 bedroom townhomes. Property is located next door to a 210 unit community (Heritage Reserve) that was recently acquired by an out of town sponsor, who was able to lift rents by nearly 20% over an 18 month period to $1,150 per unit (95c/ft) while concurrently reducing vacancy by 500bps YoY.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | - | 847 - 990 |
| 2+1 | 17 | - | 1,156 |
| 2+2 | 46 | - | 1,524 - 1,564 |
| 3+2 | 45 | - | 1,740 |
| 4+4 | 13 | - | 2,079 - 2,377 |
PROPERTY TAXES
| Parcel Number | 16-009-01-005 | Improvements Assessment | $7,151,960 |
| Land Assessment | $88,040 | Total Assessment | $7,240,000 |
PROPERTY TAXES
