Delta Victory Lake
Closed4241 Hendrix Drive, Forest Park, GA 30297
Property type
Multifamily
Unit / Space count
104
Price
$2,350,000
Building size
110,080 sf
Rentable area
110,080 SF
Year built
1965
Year renovated
Occupancy
Zoning code
Lot size
9.68 Acres
Sold/status
Sold · Date unknown
Sale price
$2350000
Bedroom count
Property description
Delta Victory Lake is located in Forest Park, Georgia. The 104 townhome community is located minutes away from Hartsfield-Jackson International Airport, I-285, and Atlanta's central business district. The property is one of the closest townhouse style communities to the planned redevelopment of Fort Gillem and The North American Porsche Headquarters. Delta Victory Lakes represent an opportunity to acquire one of the only townhouse style apartment complexes in Forest Park. Tenants enjoy large floor plans with below market rents in a quiet lakeside community. The apartments were recently renovated including new windows, awnings, and a complete overhaul of three down buildings. The addition of a state of the art commercial laundry room compliments the improvements that have been made. The townhomes are approximately 88% occupied , and rental demand is expected to see a large increase due to the return of MARTA public transit to Clayton County.
Property highlights
- Close proximity to three major employment hubs
- Renovated townhouse style units
- Future MARTA bus stop at front of property
- Upside through improved operations
- Amenity package includes private lake, playground and commercial laundry.