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The BelAire

188 Units • Marietta, GA

Property Highlights:

Year Built / Renovated: 1987 / N/A
Number of Units: 188 Units
Average Square Feet: 982 SF
Total Square Feet: 184,690 SF

Site Details

Site Size / Density: 19.6 Acres; 9.6 Units per Acre Parking: Ample

Unit Features

  • Fully-Equipped Kitchen with Frost-free Refrigerator and Open Breakfast Bar
  • Black Appliances*
  • Stainless-Steel Appliances*
  • Faux-Granite Countertops*
  • Built-In Microwave*
  • Separate Dining Area*
  • Brushed Nickel Hardware*
  • Gooseneck Sink*
  • Subway Tile Backsplash*
  • Pantry*
  • Faux-Wood Vinyl Flooring
  • Sunroom*
  • Patio / Balcony with Storage Closet
  • Washer / Dryer Connections*
  • Laundry / Utility Room*
  • Keyless Entry
  • Walk-in Closet(s)
  • Ceramic or Marble Tile Tub Surround
  • Separate Shower*
  • Coat Closet*
  • USB Outlets
  • Paneled Interior Doors*
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool
  • Fitness Center
  • Dog Park
  • Common Area WiFi
  • Playground
  • Grilling / Picnic Area
  • Laundry Center
  • Walking Trail
  • Mail Kiosk
  • On Bus Line

Investment Highlights:

  • Built in 1987 and consisting of 188 units, The BelAire Apartments is an institutionally-sized property located in a growth submarket with strong demographics.
  • With an average in-place rent of $1,164 a new owner can upgrade units to “Elite” level and achieve projected rents of $1,479 on average, a $315 increase.
  • Proving the demand for upgraded units, six “Elite” level studio units were brought online in late December 2020. These units filled quickly and lease for $1,155 and $1,200 for the 585 SF and 685 SF units respectively.
  • 170 units (90%) have the ability to be upgraded to “Elite” levels.
  • The asset features high-quality construction and desirable elements such as pitched roofs, covered exterior breezeways, patios, open floorplans, and washer/dryer connections in all units except 16 one bedroom units.
  • Located in highly desirable Cobb County with barriers to entry for new construction. Only one market rate project built since 1997 within a 4-mile radius.
  • Located just a mile and a half from downtown Marietta with direct access via Powder Springs Road.
  • New single-family construction directly across the street from the subject is on the market for over $400,000.
  • The asset is 6 miles from the $1.1B Braves Stadium and entertainment/lifestyle complex, The Battery and Truist Park. Additionally, BelAire is 5.5 miles from Cumberland Mall and the Platinum Triangle, which consists of a wide array of retail and office and retail developments.

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

Contact Information

Taylor Brown

Managing Director

Cory Caroline Sams

Senior Director

Barden Brown

Senior Managing Director

Bo Brown

President and CEO