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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.

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Contact Information

Chandler Brown

Director, Multifamily Sales and Lending

Walter Miller

Senior Managing Director

Barden Brown

Senior Managing Director

Bo Brown

President and CEO