880 S Cobb Dr
Marietta, GA 30060

• Built in 1985 with extensive renovations to amenities and exteriors in 2018-2019, 880 Lakeside is a well-occupied Class B+ asset that offers a new investor an unparalleled investment opportunity. • This garden-style community features 222 units with three distinct one- and two-bedroom floorplans. • Attractive architecture with pitched roofs, exterior breezeways, patio/balconies for each unit, and floorplans that average more than 1,000 SF. • The property is served by the sought-after Cobb County School System, unlike other nearby apartments which are in the less popular City of Marietta school district. • The West Marietta submarket is a strong performer. Average rent rose from $914 in Q4 2017 to $1,043 in Q4 2019 (from $0.93 to $1.03 per square foot). During the same period, occupancy increased from 93% to 95%. As of Q4 2019, annualized rent change is +7.6% and annualized revenue change is +8.8%. • The asset is close to the Lockheed Martin plant and Dobbins Air Base. • Convenient to downtown Marietta, Wellstar Kennestone Hospital, medical offices, large office parks, and other centers of employment. • The property is within six miles of Cumberland Mall, the Galleria, and the $1.1 billion Braves stadium and entertainment/lifestyle complex, Truist Park and The Battery. • Residents enjoy fast access to such major thoroughfares as U.S. 41/Cobb Parkway (40,000 vehicles per day), I 75 (308,000 v.p.d.), South Marietta Parkway, and Atlanta Road.