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5738 Old Dixie Hwy
Forest Park, GA 30297
Veracruz Apartments · Multifamily Property For Sale
·
156 Units
Investment Highlights
- Consistent performer over many years with high occupancy.
- Veracruz features 156 garden-style units with one- and two-bedroom floorplans averaging 1,006 square feet.
- The asset is convenient to MARTA bus lines, one of which connects to Atlanta’s largest employment hub, Hartsfield Airport (three miles from subject).
- Opportunity to decrease water expense with installation of low flow devices in many units.
- Just off major commercial artery Old Dixie Highway with quick access to I-75 and I-285.
- There is also an opportunity for a new owner to add washer/dryer connections in the one-bedroom units.
Property Facts
| No. Units | 156 | Lot Size | 14.00 AC |
| Property Type | Multifamily | Building Size | 156,900 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2016 |
| Building Class | C | Parking Ratio | 1.24/1,000 SF |
| Zoning | RM - Residential Medium Density | ||
| No. Units | 156 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.00 AC |
| Building Size | 156,900 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | RM - Residential Medium Density |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Walk-In Closets
- Carpet
Site Amenities
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Pet Play Area
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 72 | - | 869 |
| 2+1.5 | 84 | - | 1,123 |
Property Taxes
| Parcel Number | 13-0110A-00C-001 | Improvements Assessment | $3,535,000 |
| Land Assessment | $265,000 | Total Assessment | $3,800,000 |
Property Taxes
Parcel Number
13-0110A-00C-001
Land Assessment
$265,000
Improvements Assessment
$3,535,000
Total Assessment
$3,800,000
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