2001 Old Concord Rd | Smyrna, GA 30080
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2001 Old Concord Rd
Smyrna, GA 30080
Arbors at Smyrna · Multifamily Property For Sale · 361 Units
Investment Highlights
- Located in Cobb County, a highly-desirable north Atlanta location with high growth rates and strong demographics.
- 97% of units are unrenovated providing further value-add opportunity
- The current owner spent $1.9M+ in recent capex, which includes a new fitness center.
- The Arbors at Smyrna apartments feature market-superior one-, two-, and three-bedroom floorplans averaging a spacious 1,184 SF, 76% are townhomes
- High occupancy with 20 tenant waitlist through October 2021.
- Within a three-mile radius of the property, the median household income is $56,577 according to Claritas. Located in Federal Opportunity Zone
PROPERTY FACTS
| No. Units | 361 | Building Size | 402,590 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1967/1995 |
| Building Class | C | Parking Ratio | 0.5/1,000 SF |
| Lot Size | 26.24 AC |
| No. Units | 361 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 26.24 AC |
| Building Size | 402,590 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1995 |
| Parking Ratio | 0.5/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Tennis Court
- Gated
- Laundry Service
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
| 2+2 | 140 | - | - |
| 3+2 | 34 | - | - |
| 2+1 | 155 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $20,928,656 | |
| Land Assessment | $4,237,344 | Total Assessment | $25,166,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,237,344
Improvements Assessment
$20,928,656
Total Assessment
$25,166,000
zoning
| Zoning Code | RM-12 |
| RM-12 |
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