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Aspen Courts

A 157-Unit Multifamily Asset | Atlanta, Georgia


Property Highlights:

Year Built / Renovated: 1971 / 2018
Number of Units: 157 Units
Average Square Feet: 878 SF
Total Square Feet: 137,988 SF

Site Details

Site Size / Density: 8.6 Acres; 18.3 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Black Steel Appliances*
  • Faux Granite Countertops*
  • Frost-free Refrigerator
  • Patio/Balcony
  • Faux Wood Vinyl Flooring
  • Ceiling Fan(s)
  • Window Blinds

Community Amenities

  • Leasing Office
  • Two Laundry Centers
  • Mail Kiosk
  • On Bus Line

Investment Highlights:

  • Aspen Courts is a desirably-sized property consisting of 157 units.
  • Desirable construction elements include: total electric units, dual-pane windows, covered exterior breezeways, and pitched roofs.
  • All water supply lines and 90% of HVAC systems have been replaced within the last 3 years.
  • Additional renovations include faux wood vinyl flooring in 95% of units and approximately 100 units received new wood cabinets.
  • Lightly upgraded units recently rented for $875, which is $125 higher than the average on the July 2020 rent roll.
  • Nearby renovated competitors offer support for even further rent increases through interior upgrades.
  • Just off Campbellton Road (11,500 vehicles per day) which connects directly to I-285.
  • Near entrance to Langford Parkway/Hwy. 166 (50,800 v.p.d.) which connects directly to the I-75/I-85 Connector.
  • Close to the new Tyler Perry Studios, Fort McPherson redevelopment site, MARTA rail line, and Smart Transit Corridor.
  • Quick access to Hartsfield Airport, the downtown business district, Georgia State University, and the Atlanta University Center.

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Contact Information


Taylor Brown

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

Barden Brown

Senior Managing Director
678-894-2221
barden@brownra.com

Bo Brown

President and CEO