34-Unit Multifamily Opportunity in Atlanta
Market Price
2959 Forrest Hills Dr SW, Atlanta, GA 30315
405,637
NOI
31,400 sqft
Building Size
Details:
Highlights:
- Huge value-added opportunity
- 34 Unit apartment complex in upcoming area of Hapeville
- 18 fully remodeled units
- New roof in 2021
- Both townhome and flat units
- 1 & 2 bedrooms and 1 & 1.5 bathrooms
Description:
Exclusively offered by Realty ONE Group Terminus, this rare 34-unit multifamily apartment complex located in the town of Hapeville. Built in 1962 this 3-building property consists of ten 1 bedroom / 1 bath flats and twenty-four 2 bedrooms / 1.5 bath townhouse style units.
Sixteen units were updated in 2011 and the additional eighteen were fully renovated in 2022. Townhomes at Hapeville has 53% fully renovated apartments and 67% occupancy, due to renovations.
Townhomes at Hapeville is located just south of downtown Atlanta in Aerotropolis submarket. Located directly across from Forrest Hills Academy, a 6-12 charter school as well as easy access to all major interstates and only a 10-minute drive to Hartsfield Jackson Airport. This apartment complex is in a highly desired investment submarket being just 5 minutes from the charming historic downtown district. Close in proximity to Porsche North America Headquarters and Experience Center, Delta Airlines Headquarters, Wells Fargo Corporate Office, and other high-profile corporations.
Hapeville’s rapid growing community has a new mixed-use multi-family community coming in March 2023. This will consist of luxury apartments, quality retail, and restaurants which will all continue to drive the growth of Hapeville.
Documents:
| Title | ||
|---|---|---|
| Townhomes at Hapeville - 34 Units in Atlanta - Realty ONE Group Terminus Brochure | ||
| Offering Memorandum Final 6.21 |
Location
Gallery
