Decatur Gardens
Closed4100 Glenwood Rd , Decatur, GA 30032
$8,200,000148 units128,000 SF
Multifamily1963
Property type
Multifamily
Unit / Space count
148
Price
$8,200,000
Building size
128,000 sf
Rentable area
128,000 SF
Year built
1963
Year renovated
Occupancy
Zoning code
Lot size
10.54 Acres
Sold/status
Sold · Date unknown
Sale price
$8200000
Bedroom count
Property description
Decatur Gardens has maintained near 100% occupancy with rents that are currently well below market. There is a lot of rental upside through burn off of loss to lease, however an investor could further increase rents with a few minor cosmetic improvements. Decatur Gardens represents an opportunity to purchase a property well below replacement costs and produce double-digit post rehab returns in a steadily improving market.
JR
CD