825 Powder Springs St | Marietta, GA 30064
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825 Powder Springs St
Marietta, GA 30064
The BelAire Apartment Homes · Multifamily Property For Sale · 188 Units
Investment Highlights
- Built in 1987 and consisting of 188 units, The BelAire Apartments is located in a growth submarket with strong demographics
- Proving demand for upgrades, six “Elite” level studio units came online late Dec 2020. The units quickly leased for $1,155 (585SF) and $1,200 (685SF)
- The asset features high-quality const. & desirable elements such as pitched roofs, covered ext breezeways, open floorplans, w/d conn in all but 16 1BR
- With an average in-place rent of $1,164 a new owner can upgrade units to “Elite” level and achieve projected rents of $1,479 on avg, a $315 increase.
- 170 units (90%) have the ability to be upgraded to “Elite” levels.
PROPERTY FACTS
| No. Units | 188 | Building Size | 184,690 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 19.56 AC |
| No. Units | 188 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 19.56 AC |
| Building Size | 184,690 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.62/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Sunroom
- Views
- Walk-In Closets
- Wi-Fi
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Car Wash Area
- Grill
- Package Service
- Pet Play Area
- Planned Social Activities
- Walking/Biking Trails
- Wi-Fi
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
| 1+1 | 16 | - | - |
| 2+2 | 144 | - | - |
| 3+2 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 17-0148-0-003-0 | Improvements Assessment | $10,623,584 |
| Land Assessment | $2,576,416 | Total Assessment | $13,200,000 |
PROPERTY TAXES
Parcel Number
17-0148-0-003-0
Land Assessment
$2,576,416
Improvements Assessment
$10,623,584
Total Assessment
$13,200,000
zoning
| Zoning Code | PRD MF |
| PRD MF |
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