Chapel Creek
Property Description
Turnkey 1983-Built Asset with Recent Capital Infusion: Built in 1983, Chapel Creek offers spacious one- and two-bedroom garden-style apartments with fully equipped kitchens, walk-in closets, and private patios/balconies with storage. Current ownership has invested over $1.6 million in capital improvements, providing a strong foundation for future value-add initiatives. Property Fundamentals: The asset features attractive architecture with durable brick and stucco exteriors, pitched roofs, exterior breezeways, and concrete slab foundations.Interior Value-Add Strategy: Current ownership has renovated 81 units (41%), while 59% of the property remains either classic (37%) or lightly renovated (23%). Renovated units command rent premiums approaching $200 over classic finishes, validating continued upgrade potential.Prime Location Inside North Atlanta's Coveted Martini Glass: The property sits in a high-growth corridor with a $70,000 median household income and $460,000 median home value inside a 3-mile radius. Surrounded by top credit retailers like Publix, Chick-fil-A, Target, and Starbucks, it offers excellent schools, low crime, and strong governance which make Chapel Creek ideal for investors seeking stability and growth.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 200 |
| Year Built: | 1983 |
| Lot Size: | 175,400.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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