Beverly Forest
Closed1204 Veterans Memorial Hwy SW, Mableton, GA 30126
Property type
Multifamily
Unit / Space count
42
Building size
40,920 SF
Year built
1965
Lot size
3.11 acres
Sold/status
Sold · Date unknown
Sale price
$1800000
Property description
Beverly Forest is a 42 unit apartment community located in the Cobb county suburb of Mableton, GA. Mableton continues to gain popularity due to it's proximity to Interstate 285, Vinings, Buckhead, and Downtown Atlanta. Mableton also enjoys a lower tax rate than neighboring Fulton County and Atlanta while benefiting from the acclaimed Cobb County school district. The buildings are brick exterior with pitched roofs and are made up of one, two and three bedroom floorplans. The property sits on a quiet slightly wooded 3 acre site with easy access via Veterans Memorial Highway.
Property highlights
- The property represents a value add opportunity not only by increasing market rents through minor cosmetic improvements, but also building out a former clubhouse for additional rental income through a separate office. Cobb county has witnessed some of the strongest rental rate increases in the state and many of these increases have yet to be implemented in this market.