115 Rock Quarry Rd - Apartments FOR SALE
Stockbridge, GA 30281 |
115 Rock Quarry Rd
Stockbridge, GA 30281
HIGHLIGHTS
- Built in 1987, the asset is well-occupied, in excellent condition, and primed for a value-add program.
- Located in the highest rent growth submarket in nation at nearly 14% since pandemic onset, according to CoStar.
- 99% occupied with less than 1% bad debt over trailing 6 month financials
- Nearby competitor properties achieving $316-$420 premiums over subject’s rents through light value-add programs
- With significant renovations implemented over the last few years, the subject supports a $250 rent premium through a continued light value-add program
- Desirable features such as recently replaced pitched roofs with architectural shingles, durable vinyl siding, concrete slab foundations, ext entryways
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Reserve at Stockbridge
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
91996
STORIES
2
YEAR BUILT
1987
PARKING SPACES
186
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
S27--01-008-000
