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Iris Glen

REO Opportunity, In Conyers, GA rice To Be Determined By Auction Ten-X (fka Auction.com) Event B221-153 Property 1000005607 Website Live Beginning October 10, 2017 Bidding on November 28-30, 2017


Site Details

Site Size: Acres

Unit Features

  • Fully-equipped Kitchen
  • Frost-free Refrigerator
  • Pass-through Shelving System
  • Washer/Dryer Connections
  • Faux Wood Vinyl Flooring
  • Laundry/Utility Room
  • Private Patio*
  • Vaulted Ceiling*
  • Ceiling Fan(s)*
  • Window Blinds
  • Attic Storage
  • (*In select units)

Community Amenities

  • Leasing Office
  • Laundry Facility
  • Mail Kiosk
  • Mature Landscaping

Investment Highlights:

  • Submarket’s average occupancy of 97.9% is one of the highest in the MSA.
  • 100% occupied, cash-flowing property with 20+ person waitlist.
  • The asset is clearly visible to drivers on Interstate 20 (109,000 vehicles per day).
  • Located just half a mile east of Hwy. 138 (68,300 vehicles per day) offering immediate access to the I-20 interchange.
  • Proximate to major retail power centers including Belk, Kohl’s, Home Depot, and the commercial district.
  • Large recent job announcements by Acuity Brands, Batchelor & Kimball, Third Ring Studios, Baxalta Pharmaceuticals, and the planned $200 million Atlanta Sports City complex will boost demand for housing. These recent announcements will bring over 2,700 jobs.
  • Proven interior renovation will result in $100 rent increase.

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
678-894-2221
barden@brownra.com

Chandler Brown

Director, Multifamily Sales and Lending
678-894-2225
chandler@brownra.com

Bo Brown

President and CEO