Conley Portfolio - 4 Properties | 925 Conley Rd
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Conley Portfolio - 4 Properties 925 Conley Rd
152 Unit Apartment Building For Sale Atlanta, GA 30354
Executive Summary
Marcus & Millichap is pleased to present for sale a multifamily portfolio consisting of 4 complexes located together at 875,900,925, and 950 Conley Drive in Atlanta, Georgia. 875 and 925 Conley are currently operated as one complex and feature 152- units with generous living spaces that have been 100% renovated. They all feature newer HVAC, plumbing, and electrical systems. Despite these recent improvements, there remains significant value-add potential through strong management. 900 and 950 are blank canvases. There are 279- Units ready to be renovated. Both complexes consist of solid structures and have utilities already onsite. There is an opportunity to have 431 Units within one singular location. The potential economies of scale are great on this asset.
The portfolio is located in South Atlanta and shares a sub-market with the vibrant cities of Hapeville and Forest Park. All three cities are close to Hartsfield-Jackson Atlanta International Airport. This submarket is a distribution and logistics hub and there are many major employers in the area such as HD Supply, Clorox, Amazon, and Cummins Diesel. The portfolio is also conveniently located just 10 minutes south of downtown Atlanta.
875 & 925 Conley can be purchased as a portfolio
900 & 950 Conley can be purchased as a portfolio
The portfolio is located in South Atlanta and shares a sub-market with the vibrant cities of Hapeville and Forest Park. All three cities are close to Hartsfield-Jackson Atlanta International Airport. This submarket is a distribution and logistics hub and there are many major employers in the area such as HD Supply, Clorox, Amazon, and Cummins Diesel. The portfolio is also conveniently located just 10 minutes south of downtown Atlanta.
875 & 925 Conley can be purchased as a portfolio
900 & 950 Conley can be purchased as a portfolio
Property Facts
| Sale Type | Investment | Building Size | 158,000 SF |
| No. Units | 152 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2021 |
| Apartment Style | Garden | Parking Ratio | 2.01/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 11.63 AC |
| Sale Type | Investment |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.63 AC |
| Building Size | 158,000 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2021 |
| Parking Ratio | 2.01/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 605 |
| 2+1 | 40 | - | 821 |
| 2+2 | 40 | - | 881 |
| 3+2 | 52 | - | 1,123 |
PROPERTY TAXES
| Parcel Number | 14-0001-0002-047-9 | Improvements Assessment | $1,433,760 |
| Land Assessment | $414,000 | Total Assessment | $1,847,760 |
PROPERTY TAXES
Parcel Number
14-0001-0002-047-9
Land Assessment
$414,000
Improvements Assessment
$1,433,760
Total Assessment
$1,847,760
zoning
| Zoning Code | RG2 |
| RG2 |
-
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Conley Portfolio - 4 Properties | 925 Conley Rd
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