50 Mount Zion Rd | Atlanta, GA 30354
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- LoopNet Team
50 Mount Zion Rd
Atlanta, GA 30354
Terraces at Highbury Court · Multifamily Property For Sale
·
172 Units
INVESTMENT HIGHLIGHTS
- Assumable Loan - No Seller financing - LIHTC property (the LIHTC restrictions can be terminated via the Qualified Contract process).
- The gross rent limits at the asset increased by 3% in 2024, creating significant additional rental upside.
- Located less than 6-miles from Hartsfield-Jackson Atlanta International Airport, home to over 63,000 jobs.
- Conveniently located just one mile from Interstate 75 and within a 30-minute drive of nearly 1.1M jobs.
PROPERTY FACTS
| No. Units | 172 | Building Size | 185,692 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2005 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 11.62 AC | ||
| Zoning | RG2 | ||
| No. Units | 172 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.62 AC |
| Building Size | 185,692 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2005 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RG2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Ice Maker
- Refrigerator
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Property Manager on Site
- Gated
- Grill
- Package Service
- Trash Pickup - Curbside
- Maintenance on site
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,074 | 840 |
| 2+1 | 40 | $1,183 | 1,080 |
| 2+1.5 | 100 | $1,353 | 1,100 - 1,154 |
| 3+2 | 16 | $1,357 | 1,224 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,451,600 | |
| Land Assessment | $706,360 | Total Assessment | $4,157,960 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$706,360
Improvements Assessment
$3,451,600
Total Assessment
$4,157,960
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