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The Life at Arbor Creek

A 116-Unit Multifamily Asset | Conyers, Georgia


Property Highlights:

Year Built / Renovated: 1972 / N/A
Number of Units: 116 Units
Average Square Feet: 932 SF
Total Square Feet: 108,131 SF

Site Details

Site Size / Density: 10.8 Acres; 10.8 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Stainless Steel Appliances*
  • Frost-free Refrigerator
  • Faux Granite Countertops*
  • Subway Tile Backsplash*
  • Separate Dining Area
  • Patio/Balcony
  • Washer/Dryer Connections
  • Laundry/Utility Room*
  • Luxury Vinyl Plank Flooring*
  • Spacious Closets
  • Ceiling Fan(s)
  • Window Blinds
  • (* In select units)

Community Amenities

  • Leasing Office1
  • Two Swimming Pools
  • Sports Field
  • BBQ Grilling / Picnic Area
  • Playground
  • Laundry Center
  • Mail Kiosk

Investment Highlights:

  • The Life at Arbor Creek features long-lasting brick exteriors and new pitched roofs that were replaced in 2014, keeping exterior maintenance expenses low.
  • The asset provides investors with 116 spacious units with one-, two-, and three-bedroom floorplans that average a generous 932 SF. Investors will enjoy a healthy unit mix for all household types, with 52% of the property being two-bedroom units, 21% one-bedrooms, and 27% three-bedrooms.
  • Opportunity to mark to market and increase income by $90,000 per year.
  • Current ownership has upgraded 32 unit interiors and has received $150 $175 rent premiums.
  • Opportunity to upgrade the remaining 84 units and increase collections by $150,000 per year.
  • A new investor has the opportunity to add washer/dryer connections in the 2BR floorplans.
  • Opportunity to install 0.8 gallon low-flow toilets, which will reduce water expenses.
  • Just off Hwy. 138 (38,200 vehicles per day) near big-box retail district.
  • Residents also are just half a mile from the shops, offices, and restaurants of Conyers’ old historic district.
  • Large recent job announcements by Acuity Brands, Batchelor & Kimball, Three Ring Studios, and Baxalta Pharmaceuticals will boost demand for housing.

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

Contact Information


Barden Brown

Managing Director, Multifamily Sales and Lending
678-894-2221
barden@brownra.com

Taylor Brown

Director - Multifamily Sales and Lending
678-894-2219
taylor@brownra.com

Cory Caroline Sams

Director, Multifamily Sales and Lending
678-296-2220
cory@brownra.com

Bo Brown

President and CEO