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Oakley Shoals 6295 Oakley Rd 88 Unit Apartment Building For Sale Union City, GA 30291
Executive Summary
South Atlanta Cardinal Value-Add Portfolio | Lender Owned - Distressed Sale Opportunity
CARDINAL-STYLE ASSETS WITH DESIRABLE CONSTRUCTION ELEMENTS
• Autumn Cove, Oakley Shoals, Pine Knoll, and Garden Gate are lender owned Cardinal communities
constructed in 1985 and 1986. The properties can be purchased together or individually.
• The portfolio comprises 157 thoughtfully designed studio, one- and two-bedroom residences, each offering
total electric utilities, washer and dryer connections, and semi-private fenced patios for enhanced resident
comfort and privacy.
• Cardinal-style properties offer operational simplicity and efficiency, featuring low operating and utility costs,
efficient unit layouts, and limited amenities, resulting in a streamlined management model.
• Lender has infused $160,000+ to cure life safety and code violations at Oakley Shoals.
Investment highlights
VALUE-ADD THROUGH INTERIOR RENOVATION PROGRAM
• A majority of interiors at Autumn Cove, Oakley Shoals, and Garden Gate feature classic finishes,
offering a clear value-add opportunity for future renovation. Former ownership implemented select
interior upgrades at Pine Knoll.
• Many Cardinal property interiors have been updated by removing bookshelves, adding faux granite
countertops, black appliances, wood-look vinyl flooring, brushed nickel lighting and fixtures. See photos
on the right.
• Rent comparables suggest upgraded units will command $100-$150 premiums over the current market
rents, which would still fall on the low end of the spectrum for Cardinal-style properties. At an estimated
cost of $7,500 per unit to upgrade each floorplan, this renovation program would yield an NOI of over
$1,207,800+.
CARDINAL-STYLE ASSETS WITH DESIRABLE CONSTRUCTION ELEMENTS
• Autumn Cove, Oakley Shoals, Pine Knoll, and Garden Gate are lender owned Cardinal communities
constructed in 1985 and 1986. The properties can be purchased together or individually.
• The portfolio comprises 157 thoughtfully designed studio, one- and two-bedroom residences, each offering
total electric utilities, washer and dryer connections, and semi-private fenced patios for enhanced resident
comfort and privacy.
• Cardinal-style properties offer operational simplicity and efficiency, featuring low operating and utility costs,
efficient unit layouts, and limited amenities, resulting in a streamlined management model.
• Lender has infused $160,000+ to cure life safety and code violations at Oakley Shoals.
Investment highlights
VALUE-ADD THROUGH INTERIOR RENOVATION PROGRAM
• A majority of interiors at Autumn Cove, Oakley Shoals, and Garden Gate feature classic finishes,
offering a clear value-add opportunity for future renovation. Former ownership implemented select
interior upgrades at Pine Knoll.
• Many Cardinal property interiors have been updated by removing bookshelves, adding faux granite
countertops, black appliances, wood-look vinyl flooring, brushed nickel lighting and fixtures. See photos
on the right.
• Rent comparables suggest upgraded units will command $100-$150 premiums over the current market
rents, which would still fall on the low end of the spectrum for Cardinal-style properties. At an estimated
cost of $7,500 per unit to upgrade each floorplan, this renovation program would yield an NOI of over
$1,207,800+.
Property Facts
| Sale Type | Investment | Construction Status | Under Renovation |
| No. Units | 88 | Building Size | 82,272 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1986/2026 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 8.66 AC | ||
| Zoning | C1 | ||
| Sale Type | Investment |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.66 AC |
| Construction Status | Under Renovation |
| Building Size | 82,272 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2026 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | C1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Lawn
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 288 |
| 1+1 | 68 | - | 576 |
| 2+1 | 3 | - | 864 |
| 2+2 | 6 | - | 864 |
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Property Taxes
| Parcel Number | 09F-2301-0084-065-9 | Improvements Assessment | $2,919,200 |
| Land Assessment | $554,000 | Total Assessment | $3,473,200 |
Property Taxes
Parcel Number
09F-2301-0084-065-9
Land Assessment
$554,000
Improvements Assessment
$2,919,200
Total Assessment
$3,473,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Oakley Shoals | 6295 Oakley Rd
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