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2717 Shell Bark Rd
Decatur, GA 30035

Arborside Apartment Homes · Multifamily Property For Sale · 149 Units

PROPERTY FACTS

No. Units 149
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 25.60 AC
Building Size 221,696 SF
Average Occupancy 56%
No. Stories 2
Year Built/Renovated 1971/2003
Parking Ratio 1.33/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Security System
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Satellite TV
  • Tub/Shower
  • Views
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Business Center
  • Clubhouse
  • Picnic Area
  • Playground
  • Breakfast/Coffee Concierge
  • Grill
  • Maintenance on site

About 2717 Shell Bark Rd , Decatur, GA 30035

•The Life at Snapfinger Woods is a desirably-sized property consisting of 149 units, which provides economies of scale for operations. •Early 1970s-built asset was constructed in the “Big House” style by a home builder, as opposed to a multifamily developer. The unusual floorplans average a huge 1,516 SF. This gives the property unique appeal. •The property is composed of one, two, three, and four bedroom floorplans. All bedrooms are large and have spacious closets, which makes the floorplans feel like single-family homes. •Opportunity to steadily burn off mark-to-market and significantly boost collections by $140,000+. •50%+ interiors have LVT wood-look flooring •Offered as an assumption of existing debt and cash-flowing at 82% occupancy will allow a new investor to generate exceptional returns by simply bringing 9 down units online and increasing occupancy. •Attractive price per unit. •The subject benefits from excellent visibility from the road and access to MARTA.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 44 - 847 - 990
2+1 16 - 1,156
2+2 1 - 1,582
3+2 14 - 1,740 - 1,821
4+4 74 - 2,079 - 2,377

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-009-01-005
Land Assessment
$90,000
Improvements Assessment
$5,358,800
Total Assessment
$5,448,800

zoning

Zoning Code RM100 (Residential, Multifamily)
RM100 (Residential, Multifamily)
  • Listing ID: 17407727

  • Date on Market: 10/9/2019

  • Last Updated:

  • Address: 2717 Shell Bark Rd, Decatur, GA 30035

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