Log In/Sign Up
Your email has been sent.
Covington Glen 5816 Covington Hwy 254 Unit Apartment Building For Sale Decatur, GA 30035
Investment Highlights
- ATTRACTIVE ASSUMABLE LOAN: Fixed-rate Freddie Mac financing at 5.68%, with interest-only payments through November 2028.
- OPPORTUNIT Y TO PUSH RENTS TO MARKET Competitors’ rents exceed the subject’s in-place rents by $242+.
- ATTRACTIVE RENT TO INCOME RATIO Current in-place rents of $1,110 account for just 15.8% of monthly average household income within a three-mile radius
- LONG-TERM OWNERSHIP: Covington Glen has been meticulously maintained by the current owner for the past nine years.
- INTERIOR VALUE-ADD: 100% of units can be updated to a consistent modern standard.
Property Facts
| Sale Type | Investment | Lot Size | 21.07 AC |
| No. Units | 254 | Building Size | 201,646 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1989/2010 |
| Building Class | B | Parking Ratio | 2.53/1,000 SF |
| Zoning | RCD | ||
| Sale Type | Investment |
| No. Units | 254 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 21.07 AC |
| Building Size | 201,646 SF |
| Average Occupancy | 81% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2010 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | RCD |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 160 | - | 600 - 723 |
| 2+1.5 | 20 | - | 805 |
| 2+2 | 40 | - | 969 - 1,043 |
| 2+2.5 | 34 | - | 1,139 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 16-026-02-081 | Improvements Assessment | $5,363,840 |
| Land Assessment | $229,600 | Total Assessment | $5,593,440 |
Property Taxes
Parcel Number
16-026-02-081
Land Assessment
$229,600
Improvements Assessment
$5,363,840
Total Assessment
$5,593,440
1 of 94
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
