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276 Unit Multifamily Opportunity | Creekside Apartments | Recently Renovated | Decatur, GA

3000 Ember Drive
Decatur, GA 30034
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Multifamily
SITE SIZE: 21.59 Acres
UNITS: 276
YEAR BUILT: 1972

Highlights

  • 276-unit multifamily complex located in Panthersville, GA
  • Four floor plans that include: (56) 1 Bed/1 Bath, (82) 2 Bed/1 Bath, (68) 2 Bed/2 Bath and (70) 3 Bed/2 Bath units
  • Recently renovated (See below for details)
  • Opportunity for value-add opportunity
  • Located in a gated community
  • On-site parking for all units
  • Select units have washer and dryer hook ups and all buildings have laundry rooms
  • All units are electric
  • Community includes pool, basketball courts and on-site leasing office
  • Located in DeKalb County
  • Easy access to I-20 and I-285
  • Located 9 miles south from Downtown Atlanta and 12 miles north from Hartsfield-Jackson Atlanta International Airport

Description

Bull Realty is pleased to offer 276-fully renovated units located in the Panthersville neighborhood of Decatur, GA. The property features an updated management office, pool,and basketball courts (ability for tennis courts). There are four spacious floor plans with the majority of the units being comprised of 2 bedroom and 3 bedroom plans. The units are fully renovated however there is still an opportunity for value-add. There is also an immediate opportunity to push rents with over 40% of the units vacant and ready to rent. There is currently an average loss to lease of over 20%. There is also an opportunity for laundry income. 50% of the units have washer dryer hookups and each building has electrical and plumbing hook ups for a laundry room. All the common space hallways are equipped with hardwired fire alarms and fire extinguishers. This is a perfect turnkey investment in the rapidly growing Decatur submarket.

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