Although 33 years old, the class C property in the Atlanta bedroom community, boasted a 91% occupancy when it was sold for $1.87 million or $29,218 per unit by the Jerry S. Berez Trust of Austin, TX to an Atlanta private partnership affiliated with locally based Real Estate Investing & Consulting.
The 52,800-sf property consists entirely of two-bedroom, one-bath units, each averaging about 825 sf of living area. Average asking monthly rent is $640. Atlanta-based Southeast Apartment Partners' brokerage team of Joshua Goldfarb, Marc Robinson and Chris Johnston exclusively represented and marketed the property for the seller and also found the buyer.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
