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Life at Harrington Park

175-Units, Coming Soon


Property Highlights:

Year Built / Renovated: 1968 / 2017
Number of Units: 175 Units
Average Square Feet: 1,204 SF
Total Square Feet: 210,706 SF

Site Details

Site Size / Density: 14.1 Acres; 12.4 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Stainless Steel Appliances*
  • Granite Countertops*
  • Subway Tile Backsplash*
  • Separate Dining Area
  • Patio
  • Washer/Dryer Connections*
  • Faux Wood Vinyl Flooring
  • Walk-in Closet(s)
  • Six-panel Interior Doors*
  • Window Blinds
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Swimming Pool
  • Sundeck
  • Courtyard
  • Playground
  • Near Bus Line

Investment Highlights:

  • The Life at Harrington Park is a desirably-sized property consisting of 155 townhome units, which provides economies of scale for operations.
  • The property is 100% one-, two- and three-bedroom townhomes that average 1,193 SF.
  • Attractive architecture with brick and vinyl exteriors, pitched roofs, total electric units, and washer/dryer connections in all two- and three-bedroom floorplans.
  • Opportunity to steadily burn off loss-to-lease and significantly boost collections by $178,000 per year without considering future upgrades.
  • Twenty upgraded units are achieving approximately $145 and $160 premiums for the two- and three-bedroom floorplans, respectively.
  • In the coming months it is expected the NIP (Noise Insulation Program) will renovate the property with insulation, windows, entry doors, and sliding glass doors. A new owner will benefit from this estimated $4,000/unit renovation through future capital needs as well as curb appeal.
  • Located just off Camp Creek Parkway and 4 minutes away from the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, who is one of the largest employers in the state (64,000 employees) and is undergoing $330 million renovation.
  • Three-minute drive to recently announced “Airport City”, a 320-acre site on Camp Creek Parkway consisting of a $700 million redevelopment.
  • Recent activity has spurred the City of College Park to expand Camp Creek Parkway and upgrade the interchange at I-285.
  • Rent growth in the South Atlanta submarket of nearly 8% according to RealPage.

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

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

Taylor Brown

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

Chandler Brown

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