This Multifamily Property is no longer advertised on LoopNet.com.
415 Fairburn Rd
City Park Apartments · Multifamily Property For Sale
·
208 Units
INVESTMENT HIGHLIGHTS
Well-capitalized asset with $3.6M spent since 2018
The average in-place rent of $1,108 can be increased to over $1,490 by upgrading the remaining classic units and performing modest further upgrades to
The Westside Atlanta submarket has performed well in recent years. According to CoStar, market rent increased 11% YOY in Q1 2022.
Total electric and features w/d connections in each unit. Amenities include a clubhouse, fitness ctr, business ctr, swimming pool, grilling area
There is a concrete slab available with the potential to build an additional 8 units.
PROPERTY FACTS
No. Units
208
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
B
Lot Size
17.29 AC
Building Size
193,328 SF
Average Occupancy
73%
No. Stories
2
Year Built
1991
Parking Ratio
1.29/1,000 SF
UNIT AMENITIES
Air Conditioning Cable Ready
Dishwasher Washer/Dryer Hookup
Vaulted Ceiling Satellite TV
SITE AMENITIES
Fitness Center Laundry Facilities
Planned Social Activities
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
16
-
704
2+1
48
-
840
2+2
96
-
938
3+2
48
-
1,077
PROPERTY TAXES
Parcel Numbers
Multiple
14F-0012-LL-022-6
14F-0012-LL-250-3
Improvements Assessment
$5,352,560
Land Assessment
$814,920
Total Assessment
$6,167,480
