Login
New User
Your Profile

The Hills at East Cobb

A 266-Unit Multifamily Asset | Marietta, Georgia


Property Highlights:

Year Built / Renovated: 1972 / N/A
Number of Units: 266 Units
Average Square Feet: 1,345 SF
Total Square Feet: 357,785 SF

Site Details

Site Size: Acres

Unit Features

  • Bocce Ball Court
  • Outdoor Theater
  • Luxuy Outdoor Kitchen
  • Picnic Area
  • Dog Park
  • Mail Kiosk
  • Mature Landscaping
  • Near Bus Line

Community Amenities

  • Clubhouse / Leasing Office
  • Swimming Pool
  • Splash Pad
  • Fitness Center
  • Resident Business Center

Investment Highlights:

  • Some of the largest floorplans in the submarket averaging over 1,330 SF with over 50% of units are popular townhome floorplans.
  • The property is served by the sought-after East Cobb County School System, unlike other nearby apartments which are in the less popular City of Marietta school district.
  • According to CoStar, Atlanta rents are now above pre-COVID-19 levels, making Georgia’s capital one of only three major markets that carry that distinction.
  • The large floorplans and townhome-style units are ideal for residents working from home.
  • Within a five-mile radius of the property, the average household income is $108,045 and the median housing value is $368,325.
  • The current owner has greatly enhanced the asset’s amenity package with a capital infusion of $1.5+ million. The amenity upgrades include a fully renovated clubhouse with leasing office, new fitness center equipment, pool furniture, and landscaping.
  • Rent comparables prove the ability to receive $150-$250 rent premiums through continuing the interior renovation.
  • Significant loss to lease upside can yield an additional $228,000+ in revenue by rolling through the rent roll at today’s rental rates.
  • The asset is less than two miles from the $1.1B Braves Stadium and entertainment / lifestyle complex, The Battery and Truist Park.
  • Located in top-ranking East Cobb apartment submarket with impressive occupancy and annual rent growth.

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
678-894-2225
chandler@brownra.com

Walter Miller

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

Barden Brown

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

Bo Brown

President and CEO