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Waterford Manor

118 units - 4015 Covington Highway, Decatur, Georgia 30032


Property Highlights:

Year Built / Renovated: 1963 / N/A
Number of Units: 118 Units
Average Square Feet: 996 SF
Total Square Feet: 117,620 SF

Site Details

Site Size / Density: 8.6 Acres; 13.7 Units per Acre Parking: Ample

Unit Features

  • Frost-free Refrigerator
  • Electric Range/Oven
  • Dishwasher*
  • Upgraded Cabinets and New Appliances*
  • Eat-in Kitchen
  • Washer/Dryer Connections*
  • Patio/Balcony
  • Spacious Closets
  • Ceramic Tile Tub Surround
  • Faux Wood Vinyl Flooring*
  • Ceiling Fan(s)
  • Window Blinds
  • (*In select units)

Community Amenities

  • Leasing Office
  • Playground
  • Laundry Facility
  • Mature Landscaping
  • On Bus Line

Investment Highlights:

  • Excellent visibility and exposure facing highly-traveled Covington Highway (22,400 vehicles per day)
  • Immediate access to I-285 (191,000 vehicles per day) facilitates quick commutes to major metro employers
  • 32% Townhome floorplans
  • One mile from DeKalb County government complex, a major employment hub
  • Within a five-mile radius of major DeKalb employment hubs:Emory University and Hospital, CDC headquarters, DeKalb Medical Center, and downtown Decatur
  • Convenient to two MARTA rail stations
  • Annual rent in South DeKalb County submarket increased by 6.3%, according to MPF Research.
  • Neighboring property, Park on Covington, is achieving $125 rent premiums in their renovated units, suggesting a value add opportunity for a new owner.

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Contact Information


Barden Brown

Managing Director, Multifamily Sales and Lending
678-894-2221
barden@brownra.com

Taylor Brown

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

Bo Brown

President and CEO