New User
Your Profile


A 92-Unit Multifamily Asset | Stone Mountain, Georgia

Property Highlights:

Year Built / Renovated: 1984 / N/A
Number of Units: 92 Units
Average Square Feet: 638 SF
Total Square Feet: 58,752 SF

Site Details

Site Size / Density: 7.6 Acres; 12.1 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Frost-free Refrigerator with Icemaker
  • Open Breakfast Bar*
  • Built-in Bookshelves*
  • Patio
  • Raised Ceiling in Living Room
  • Washer/Dryer Connections
  • Laundry/Utility Room
  • Attic Storage
  • Ceiling Fan(s)*
  • Window Blinds
  • (* In select units)

Community Amenities

  • Leasing Office
  • Mail Kiosk
  • Mature Landscaping
  • Within Walking Distance of Bus Line

Investment Highlights:

  • Well-occupied asset with strong in-place cash flow offering immediate returns.
  • Cardinal-style construction featuring recent capital infusion and good bones.
  • Proven value-add opportunity through interior renovation program.
  • Rent and sales comparables for nearby Cardinal properties provides support for future upside.
  • Low-cost provider in the market attracts elderly residents with a below-market turnover rate.
  • Smaller unit sizes provide efficiencies in expenses.
  • The subject is located just off Rockbridge Road (16,500 vehicles per day) and close to Memorial Drive (40,600 v.p.d.) providing residents quick access to I-285 (204,000 v.p.d.), which facilitates quick commutes to major metro employers.
  • One mile east of the Clarkston campus of Georgia State University‚Äôs Perimeter College, a major employer.
  • Two miles from the DeKalb County government complex, a major employment hub.
  • Within six miles of major DeKalb employment hubs: Emory University and Hospital, CDC headquarters, Emory Decatur Hospital, and downtown Decatur.
  • Convenient to bus lines and rapid rail stations.
  • Offered on an all-cash basis.

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

Contact Information

Chandler Brown

Director, Multifamily Sales and Lending

Taylor Brown

Managing Director

Barden Brown

Senior Managing Director

Bo Brown

President and CEO