List Search

4719 Central Dr
Stone Mountain, GA 30083

Price Upon Request

Apartments For Sale  •  198,600 SF

Property Details

  • Property Type Apartments
  • Total Building Size 198,600 SF
  • Lot Size 15 AC
  • Building Class B
  • Year Built 1972
  • Zoning RM100
0 Transit Score
44 Walk Score

Highlights

Opportunity to Push Rent to Market: Competitors’ rents outpace subject’s in-place rents by $287+
Occupancy to Increase Occupancy to Market: Subject’s occupancy is below the competitive set’s average. An opportunity exists to create substantial
Located in Qualified Opportunity Zone: Federally Designated Qualified Opportunity Zone provides new ownership with several avenues for preferential
Proven Value-Add: Opportunity to renovate 86 (51.2%) classic units and 47 (28.0%) updated units to the premium level and achieve $155+ premiums.
Attractive Rent-to-Income Ratio: Current in-place rents ($1,184) accounts for only 18.7% of monthly AHI within a three-mile radius. AHI exceeds $75
Spacious Unit Mix: one-, two, and three-bedroom floorplans available with 86.3% two- and three bedrooms averaging 1,235 SF. Additionally, 32.8% of

Amenities

  • Air Conditioning
  • Balcony
  • Clubhouse
  • Dishwasher
  • Fitness Center
  • Laundry Facilities
  • Playground
  • Property Manager on Site
  • Gated
  • Grill
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Views
  • Walk-In Closets
  • Maintenance on site
  • Freezer
  • Wheelchair Accessible (Rooms)

Public Transportation

AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 34 min - 22.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 288
Type: Surface
Included in Rent: Yes
Scott Bray 404-654-2600 Berkadia Real Estate Advisors
Scott Bray 404-654-2600 Berkadia Real Estate Advisors