Salem Chase Apartments
Closed50 Salem Chase Drive, Conyers, GA 30013
$5,650,00064 units69,258 SF
Multifamily2006
Property type
Multifamily
Unit / Space count
64
Building size
69,258 SF
Rentable area
69,258 SF
Year built
2006
Lot size
9.72 acres
Sold/status
Sold · Date unknown
Sale price
$5650000
Property description
Salem Chase is a 2006 built 64 unit multifamily property that sits on nearly 10 acres and is located in Conyers, GA - roughly 20 miles east of downtown Atlanta. The property is made up of well-maintained 1, 2 and 3 bedroom units that can experience significant upside through minor updates and/or a mark-to-market strategy. The property is walking distance to retail and restaurants and just a few miles from large retail, Warner Brothers movie studios, Stonecrest Mall and the rapidly expanding Stonecrest Sports Complex.
Property highlights
- 2006 Built Value Add Opportunity
- Superior Floor Plans with Balconies
- Historically Strong Occupancy
- Tremendous Upside in Rents
- Close Proximity to Major Film companies like Warner Brothers' Bonanza Productions
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