The View at Stonecrest

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Address: 37 Tree View Dr, Stonecrest, GA 30038, USA
Created date: April 3, 2024
Date last updated: April 5, 2024
  • Attractive Assumable Debt: +75% LTV Agency Loan
  • Proven Value-Add: Opportunity to renovate 224 (75%) classic units and achieve $150+ premiums
  • Opportunity to Push Rents to Market: $286 gap between subject rents and competitor
  • Below Market Occupancy: Elevated  vacancy provides significant upside
  • Recent Lease Trend: Recent leases outpace in-place rents, representing $209K + in year-one upside
  • Desirable Unit Mix: Spacious, predominately two- and three-bedroom units averaging 1,263 square feet
  • Discount to Homeownership: Monthly mortgage payments ($2,096) for median-value homes in the area outpace View at Stonecrest’s market rent ($1,108)

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 300
Average Occupancy: 71
Year Built: 1972
Building Size: 332,541 Sq ft
Lot Size: 20.10 Acres
No. of Stories: 2
Opportunity Zone: No
Parking Spaces: 650
Property Website Click Here
Address: 37 Tree View Dr, Stonecrest, GA 30038, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

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