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t r a n s l a t e

34 Unit Multifamily Opportunity | 7% Cap Rate

6140 Cooper Street
Douglasville, GA 30134
PRICE : $2,500,000
CAP RATE: 7%
PROPERTY TYPE: Multifamily
SITE SIZE: 4.94 Acres
UNITS: 34
YEAR BUILT: 1990

Highlights

  • 34-unit multifamily complex
  • 94% occupied
  • Well maintained asset
  • All units have newly installed water meters and central HVAC systems
  • All units have washer/dryer connections & dishwashers
  • Recently updated parking lot and roofs
  • Below market rents
  • Off street parking
  • Excellent location with close proximity to Downtown Douglasville & WellStar Hospital

Description

Bull Realty is pleased to present Brighton Manor Apartments, a 34-unit apartment community located in the Douglasville submarket of Atlanta. The property features a unit mix of 34 (3) bedroom (2.5) bath very spacious townhome style units. The property has central heat & air, off street parking and newly installed individual water meters. The parking lot was resealed & stripped in 2018, the roof’s average age is 5-7 years old and 90% of the HVAC systems were replaced within the last 5 years.

Brighton Manor Apartments have an average rent of $0.69/SF allowing room to continue to push rents based on the rent survey on page 15 of the offering memorandum. The property is currently 94% occupied and has an excellent opportunity for long-term upside potential.

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