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880 Lakeside

A 222-Unit Multifamily Asset | Marietta, Georgia


Property Highlights:

Year Built / Renovated: 1985 / 2018
Number of Units: 222 Units
Average Square Feet: 1,058 SF
Total Square Feet: 235,000 SF

Site Details

Site Size / Density: 19.0 Acres; 11.7 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Faux Granite Countertops*
  • Frost-free Refrigerator with Ice Maker
  • Stainless Steel Appliances*
  • Open Breakfast Bar*
  • Separate Dining Area
  • Sunroom with Air Conditioning
  • Washer/Dryer Connections
  • Laundry/Utility Room
  • Faux Wood Vinyl Flooring
  • Walk-in Closet(s)*
  • Six-panel Interior Doors*
  • Ceiling Fan(s)*
  • Window Blinds
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool
  • Fitness Center
  • Playground
  • Dog Park
  • Private Lake with Fishing Dock
  • Picnic Gazebo and Grilling Area
  • Mail Kiosk
  • Mature Landscaping
  • On Bus Line

Investment Highlights:

  • Built in 1985 and extensively renovated in 2018-2019, 880 Lakeside is a well-occupied Class B+ asset that offers a new investor an unparalleled investment opportunity.
  • This garden-style community features 222 units with three distinct one- and two-bedroom floorplans.
  • Attractive architecture with pitched roofs, exterior breezeways, patio/balconies for each unit, and floorplans that average more than 1,000 SF.
  • The property is served by the sought-after Cobb County School System, unlike other nearby apartments which are in the less popular City of Marietta school district.
  • Built in 1985 and extensively renovated in 2018-2019, 880 Lakeside is a well-occupied Class B+ asset that offers a new investor an unparalleled investment opportunity.
  • This garden-style community features 222 units with three distinct one- and two-bedroom floorplans.
  • Attractive architecture with pitched roofs, exterior breezeways, patio/balconies for each unit, and floorplans that average more than 1,000 SF.
  • The property is served by the sought-after Cobb County School System, unlike other nearby apartments which are in the less popular City of Marietta school district.
  • The West Marietta submarket is a strong performer. Average rent rose from $914 in Q4 2017 to $1,043 in Q4 2019 (from $0.93 to $1.03 per square foot). During the same period, occupancy increased from 93% to 95%. As of Q4 2019, annualized rent change is +7.6% and annualized revenue change is +8.8%.
  • The asset is close to the Lockheed Martin plant and Dobbins Air Base.

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

Contact Information


Cory Caroline Sams

Senior Director
678-296-2220
cory@brownra.com

Walter Miller

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

Chandler Brown

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

Taylor Brown

Managing Director
678-894-2219
taylor@brownra.com

Bo Brown

President and CEO