SOMA (South of Maple Apartments)
CALL FOR OFFERS 2/27 208 Units, Fully Renovated, Turnkey
Year Built / Renovated: 1969 / 2014
Number of Units: 208 Units
Average Square Feet: 933 SF
Total Square Feet: 194,160 SF
Site Size / Density: 15.5 Acres; 13.4 Units per Acre Parking: Ample
- Fully-equipped Kitchen
- Frost-free Refrigerator
- Separate Dining Area*
- Washer/Dryer Connections*
- Exterior Storage Closet*
- Faux Wood Vinyl Flooring
- Separate Shower Stall*
- Partially Furnished
- Walk-in Closet*
- Window Blinds
- (*In select units)
- 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
- 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.