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SOMA (South of Maple Apartments)

208 Units, Fully Renovated, Turnkey


Property Highlights:

Year Built / Renovated: 1969 / 2014
Number of Units: 208 Units
Average Square Feet: 933 SF
Total Square Feet: 194,160 SF

Site Details

Site Size / Density: 15.5 Acres; 13.4 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Frost-free Refrigerator
  • Separate Dining Area*
  • Washer/Dryer Connections*
  • Patio/Balcony
  • Exterior Storage Closet*
  • Faux Wood Vinyl Flooring
  • Separate Shower Stall*
  • Partially Furnished
  • Fireplace*
  • Walk-in Closet*
  • Window Blinds
  • (*In select units)

Community Amenities

  • Leasing Office
  • Swimming Pool and Pool Building
  • 2 Tennis/Basketball/Sports Courts
  • Fitness Center
  • Jogging Trail
  • Picnic/Grilling Area
  • Laundry Facility
  • Mail Kiosk
  • Mature Landscaping
  • Quiet Atmosphere Adjoining Golf Course
  • Easy Walking Distance to UWG Campus

Investment Highlights:

  • South of Maple Apartments was renovated in 2016 with upside potential.
  • Renovations in 2016 include 96% of roofs replaced, 95% new water heaters, and 85% new HVAC systems. Full renovations were complete with high-quality and durable materials.
  • Interior renovations include 100% new windows, cabinets, appliances, flooring, lighting packages, and bathroom fixtures.
  • Asset is located in high-occupancy submarket with competitors all near 100% occupacy.
  • Unit sizes are among the largest in the submarket and offers rare one-bedroom floor plans.
  • Bringing “down” amenity package online will allow new investors the ability to increase rents.
  • Located less than one mile from University of West Georgia Campus, and highly visible with 1,500 linear feet of frontage on Hays Mill Road.
  • Property is located on very popular Carrollton Greenbelt walking trail.
  • Property taxes are frozen until 2020.

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

Contact Information


Taylor Brown

Director - Multifamily Sales and Lending
678-894-2219
taylor@brownra.com

Walter Miller

Senior Managing Director
678-894-2218
walter@brownra.com

Bo Brown

President and CEO