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The Reserve at Stockbridge

Quality Class B Asset with Late 1980s Construction Built in 1987, The Reserve at Stockbridge features low-maintenance vinyl siding exteriors, pitched roofs with architectural shingles, concrete slabs, and individual exterior entries. The asset’s amenities include a leasing office, swimming pool, playground, and a fitness center in a separate “community” building. The Reserve at Stockbridge offers two different garden-style floorplans: a two-bedroom/one-bath and a two-bedroom/two-bath “roommate” layout. Interior features include large sunroom windows, fireplace with mantel, full-sized washer/dryer connections, separate dining area, a patio or balcony, and fully-equipped kitchens with breakfast bar or pass-through window. Ownership recently installed water-saving devices in all units, including low-flow (.80 gallon) toilets. A new owner can further reduce water costs by installing low-flow showerheads and faucet aerators. The water-saving devices are projected to reduce water consumption by over 15%.


Property Highlights:

Year Built / Renovated: 1987 / N/A
Number of Units: 88 Units
Average Square Feet: 1,035 SF
Total Square Feet: 91,136 SF

Site Details

Site Size / Density: 7.8 Acres; 11.3 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Frost Free Refrigerator
  • Gas Stove
  • Breakfast Bar or Pass-through Window
  • Separate Dining Area
  • Fireplace with Mantel and Hearth
  • Faux Wood Vinyl Flooring
  • Sunroom plus Patio/Balcony
  • Washer/Dryer Connections
  • Laundry
  • Ceramic Tile Tub Surround
  • Entry Foyer with Closet
  • Ceiling Fan(s)
  • Window Blinds
  • (* in select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool
  • Community Center Building w/Sapce for
  • Fitness Center and Clubroom
  • Playground
  • Mail Kiosk
  • Mature Landscaping

Investment Highlights:

  • Well-maintained, quality asset with newer roofs and architectural shingles
  • Community offers desirable amenities and condo-quality floorplans
  • Majority of units are extensively renovated with granite countertops, deluxe wood cabinets, and brushed nickel hardware
  • Opportunity to upgrade 15 “classic” units for rent premiums
  • Market rents are significantly below those of nearby comparables
  • Henry County’s population has soared 86% since year 2000
  • Adjacent to its elementary and high schools
  • Just off North Henry Blvd. (30,400 vehicles per day) and convenient to I-75 and I-675
  • Direct connection to Piedmont Henry Hospital, two miles to the south

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

Contact Information


Bo Brown

President and CEO

Chandler Brown

Multifamily Investment Advisor
678-894-2225
chandler@brownra.com

Taylor Brown

Multifamily Investment Advisor
678-894-2219
taylor@brownra.com