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Life at Glen Hollow

OFFERS DUE WEDNESDAY AUGUST 25, 2021 | 336 Units - Decatur, GA


Property Highlights:

Year Built / Renovated: 1972 / N/A
Number of Units: 336 Units
Average Square Feet: 1,034 SF
Total Square Feet: 347,632 SF

Site Details

Site Size / Density: 32.6 Acres; 10.3 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Shaker Cabinets*
  • Brushed Nickel Hardware and Fixtures*
  • Faux Marble Countertops*
  • Black Appliances*
  • Frost-free Refrigerator with Icemaker
  • Breakfast Bar / Pass-Through*
  • Separate Dining Area
  • Built-In Desk / Shelving
  • Washer/Dryer Connections*
  • Patio/Balcony
  • Faux Wood Vinyl Flooring
  • Six-panel Interior Doors
  • Walk-in Closet(s)*
  • Window Blinds
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Controlled Access Gate
  • Saltwater Swimming Pool
  • Fitness Center
  • Playground
  • Laundry Center
  • Mail Kiosk
  • On Bus Line

Investment Highlights:

  • The Life at Glen Hollow is an improved 1972-built multifamily asset consisting of 336 units.
  • With a recent infusion of $4.3M in capex and upgrades, the property is in excellent condition with proven renovation premiums.
  • A new owner can continue interior upgrades and charge rents of $1,053 - $1,455, a $286 - $433 increase over the average in-place rents of $988.
  • The asset offers unique floorplans with best in-class amenity package including updated clubhouse, resort-style saltwater swimming pool, and fitness center. The property also features new windows.
  • Upside potential in adding washer/dryer connections to additional ~45% of the units.
  • New D.R. Horton townhome neighborhood, Brayden Park, is selling for $300k/unit less than a half-mile away.
  • The average household income is nearly $60k within a two mile radius of the property.
  • As of Q2 2021, the South DeKalb County submarket enjoyed 12.1% annual rent growth and 13.2% annual revenue growth according to RealPage.
  • Excellent connectivity with entrances on Panthersville Road and Flat Shoals Road (31,000 vehicles per day).
  • Immediate access to I-285 (145,000 vehicles per day) and I-20 (158,000 vehicles per day) with 15 minute drive to Downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, the world’s second busiest airport.

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
678-894-2219
taylor@brownra.com

Chandler Brown

Director, Multifamily Sales and Lending
678-894-2225
chandler@brownra.com

Barden Brown

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