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The Reserve at Stockbridge

An 88-Unit Multifamily Asset | Stockbridge (Henry County), Georgia


Property Highlights:

Year Built / Renovated: 1987 / N/A
Number of Units: 88 Units
Average Square Feet: 1,035 SF
Total Square Feet: 91,136 SF

Site Details

Site Size / Density: 7.8 Acres; 11.3 Units per Acre Parking: Ample

Unit Features

  • Fully-equipped Kitchen
  • Frost Free Refrigerator
  • Gas Stove
  • Breakfast Bar or Pass-through Window
  • Separate Dining Area
  • Fireplace with Mantel and Hearth
  • Faux Wood Vinyl Flooring
  • Sunroom plus Patio/Balcony
  • Washer/Dryer Connections
  • Laundry/ Utility Room
  • Ceramic Tile Tub Surround
  • Entry Foyer with Closet
  • Ceiling Fan(s)
  • Window Blinds
  • (* in select units)

Community Amenities

  • Clubhouse/Leasing Office
  • Controlled Access Gate
  • Swimming Pool
  • Fitness Center
  • Playground
  • Laundry Facility
  • Mail Kiosk
  • Mature Landscaping

Investment Highlights:

  • Built in 1987, the asset is well-occupied, in excellent condition, and primed for a value-add program.
  • Located in the highest rent growth submarket in nation at nearly 14% since pandemic onset, according to CoStar.
  • 99% occupied with less than 1% bad debt over trailing 6 month financials
  • Nearby competitor properties achieving $316-$420 premiums over subject’s rents through light value-add programs
  • With significant renovations implemented over the last few years, the subject supports a $250 rent premium through a continued light value-add program.
  • Asset features market desirable features such as recently replaced pitched roofs with architectural shingles, durable vinyl siding, concrete slab foundations, and exterior entryways
  • Recently renovated featuring true granite countertops, replaced cherry wood cabinets, black appliances, lighting, flooring, hardware on 80%+ of units
  • Built in 1987, the property is the oldest multifamily property in the county above 50 units.
  • Located within Henry County School System and within walking distance of Stockbridge Elementary and Stockbridge High School
  • Henry County has experienced 97.8% population growth since 2000
  • Community offers desirable amenities and condo-quality floorplans
  • Just off North Henry Blvd. (33,400 vehicles per day) and convenient to I-75 and I-675
  • Direct connection to Piedmont Henry Hospital, two miles to the south

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

Contact Information


Chandler Brown

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

Taylor Brown

Managing Director
678-894-2219
taylor@brownra.com