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Life at Marketplace

OFFERS DUE WEDNESDAY AUGUST 25, 2021 | 330 Units - Atlanta, GA


Property Highlights:

Year Built / Renovated: 1976 / N/A
Number of Units: 330 Units
Average Square Feet: 934 SF
Total Square Feet: 308,400 SF

Site Details

Site Size / Density: 24.1 Acres; 13.7 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Stainless Steel Appliances*
  • Shaker Cabinets*
  • Brushed Nickel Hardware and Fixtures*
  • Faux Marble Countertops*
  • Frost-free Refrigerator
  • Separate Dining Area*
  • Patio/Balcony
  • Entry Foyer
  • Washer/Dryer Connections
  • Faux Wood Vinyl Flooring
  • Walk-in Closet(s)*
  • Linen Closet
  • Ceiling Fan(s)
  • Window Blinds
  • (* In select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Controlled Access Gate
  • Swimming Pool with Poolside Wi-Fi
  • Sundeck
  • Fitness Center
  • Resident Business Center
  • Playground
  • Laundry Center
  • Dog Park
  • Courtyard
  • Grilling/Picnic Areas
  • Mail Kiosk
  • On Bus Line

Investment Highlights:

  • The Life at Marketplace is an improved 1976-built multifamily asset consisting of 330 units.
  • The property features a very attractive unit mix of one-, two- and three-bedroom units averaging 935 SF. 68% of the units are desirable two- and three-bedroom floorplans.
  • With a recent capital infusion of over $4.6 million, the property is in excellent condition and is primed to continue its interior value-add program.
  • Opportunity to renovate remaining 167 units (64%) which are $300-$400 below achieved renovated rental rates at the property.
  • There are 6 multifamily properties within a 1.5 mile radius, all of which are 2005 construction or newer.
  • Minutes from the 1.2 million SF Camp Creek Marketplace retail power center featuring Publix, Starbucks, Chick-fil-a, Home Depot and more.
  • Located just off Camp Creek Parkway which is a direct artery to the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport.
  • Just south of the South Fulton Industrial Corridor which features 83.9 million SF of industrial warehouse and distribution space and employs over 35,000.
  • Four miles from “Six West,” a 311-acre mixed-use site on Camp Creek Parkway. The development will consist of up 3 million square feet of class-A office space, up to six hotels, and 548,000 square feet of restaurant and retail space, 260 multifamily units, 100 single-family units, and 120 townhomes.
  • The average household income is over $70k within a two mile radius of the property.
  • As of Q2 2021, the Southwest Atlanta submarket enjoyed 12.6% annual rent growth and 13.1% annual revenue growth, according to RealPage.
  • Continued revitalization of south and west Atlanta is generating thousands of new jobs.
  • New D.R. Horton townhome neighborhood, Overlook at Camp Creek, is selling for $450k/unit less than a half-mile away.

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