2665 Favor Rd SW | Marietta, GA 30060
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2665 Favor Rd SW
Marietta, GA 30060
Legacy at West Cobb · Multifamily Property For Sale · 395 Units
Investment Highlights
- 90% LIHTC property with ability to file for the qualified contract immediately and turn market rate in one year.
- Built in 1970, The Life at West Cobb feature desirable one-, two-, three-, and four-bedroom garden and townhome floorplans that average 1,139 SF
- The property underwent a multi-million dollar renovation in 2006 and a recent $2M capital infusion.
- Located in Cobb County, a highly-desirable north Atlanta location with high growth rates and strong demographics.
- Desirable construction elements include: pitched roofs, double pane windows, vinyl/HardiePlank and brick exteriors, and an extensive amenity package.
- Cobb County has a high barrier to entry for new construction, rendering the existing housing stock more valuable.
PROPERTY FACTS
| No. Units | 395 | Lot Size | 32.42 AC |
| Property Type | Multifamily | Building Size | 459,752 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.09/1,000 SF |
| No. Units | 395 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 32.42 AC |
| Building Size | 459,752 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.09/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Wheelchair Accessible (Rooms)
Site Amenities
- Business Center
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Laundry Service
- Pet Play Area
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
| 1+1 | 48 | - | - |
| 2+2 | 192 | - | - |
| 3+2 | 77 | - | - |
| 3+4 | 36 | - | - |
| 4+2 | 22 | - | - |
PROPERTY TAXES
| Parcel Number | 17-0129-0-005-0 | Improvements Assessment | $16,929,200 |
| Land Assessment | $2,924,720 | Total Assessment | $19,853,920 |
PROPERTY TAXES
Parcel Number
17-0129-0-005-0
Land Assessment
$2,924,720
Improvements Assessment
$16,929,200
Total Assessment
$19,853,920
zoning
| Zoning Code | RM12 |
| RM12 |
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