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Heritage Reserve

1989 Built | 210 Units | In Decatur, GA

Property Highlights:

Year Built / Renovated: 1989 / N/A
Number of Units: 210 Units
Average Square Feet: 1,213 SF
Total Square Feet: 254,783 SF

Site Details

Site Size / Density: 17.4 Acres; 12.1 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Black Appliances*
  • Open Breakfast Bar
  • Separate Dining Area
  • Washer/Dryer Connections
  • Laundry/Utility Room*
  • Faux Wood Vinyl Flooring
  • Patio/Balcony with Storage Closet
  • Walk-in Closet(s)
  • Window Blinds

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool
  • Outdoor Fitness Area
  • Sports Court
  • Playground
  • Children’s After-School Program
  • Laundry Facility
  • Mail Kiosk
  • Mature Landscaping

Investment Highlights:

  • Late 1980s asset offers desirable construction including pitched roofs, exterior breezeways, and total electric units.
  • The asset features new cementious siding as well as new roofs on all buildings within the last five years.
  • The property is composed of two-, three- and four-bedroom units featuring highly desirable spacious floorplans
  • Floorplans offer a lower price per square foot due to the large floorplans which average 1,213 square feet.
  • Opportunity to steadily burn off loss-to-lease and significantly boost collections by $150,000+ in 12-18 months.
  • Below-market rents with strongly-supported interior and amenity upgrade opportunity.
  • Population within a one-mile radius grew 41% between 2000 and 2017.
  • Quick access to I-20 (171,000 vehicles per day) and I-285.-*

To access more detailed information about this property such as the Offering Memorandum PDF or other documents please Log in or Register.

Contact Information

Barden Brown

Managing Director, Multifamily Sales and Lending

Jim Jarrell

Senior Managing Director

Cory Caroline Sams

Director, Multifamily Sales and Lending

Bo Brown

President and CEO