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Metro Atlanta Multifamily Opportunity | 24 Units

982 Smith Street
Clarkston, GA 30021
PRICE : $2,100,000
CAP RATE: 7%
PROPERTY TYPE: Multifamily
UNITS: 24

Highlights

  • 24 units
  • Estimated 6.9% cap rate
  • Recently renovated and stabilized
  • New kitchens & baths with granite countertops
  • Tile floors on 1st level, original hardwoods on 2nd level
  • New black appliances
  • New roofs, windows, paint, exterior upgrades, newly paved parking lot
  • Located 2 minutes from Clarkston’s downtown corridor, a city experiencing rapid growth and revitalization
  • Easy access to I-285

Description

Willow Creek Apartments is a recently renovated and stabilized multifamily investment opportunity located in the growing City of Clarkston, connected just 4.5 miles northeast of Downtown Decatur via the popular Stone Mountain PATH biking trail and just 11 miles east of Downtown Atlanta.

Offered at an estimated 6.9% cap rate with no known deferred maintenance, this asset allows investors to safely grow their multifamily portfolio at a comparatively low price per unit of $87,500 for a medium to long-term hold.

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