Aqua at Sandy Springs

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Address: 100 Greyfield Ln, Atlanta, GA 30350, USA

Atlanta & Southeast + Apartment Buildings

Created date: April 5, 2024

Date last updated: August 5, 2024

Property Description

219-Unit property located in Sandy Springs, GA, an affluent North Atlanta suburbBeing sold at significant discount to seller's basis, nearby sales comps and replacement cost.$122,000 Average HHI ($89,000 Median HHI) within 3-mile radius$415,000 Median home value within 3-mile radius with nearby home sales of $2M- $3M in half-mile radius.Immediate value-add opportunity to increase physical occupancy, currently 87%, up to submarket occupancy of 92%$175-$325 rent premiums available through continued value-add campaignNew Fulton County eviction laws enacted in March 2024 now accelerate physical evictions with the automatic issuance of writ of possession after 14-days of eviction filing.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	219
Year Built:	1985
Lot Size:	246,233.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here