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5816 Covington Hwy
Decatur, GA 30035 Southeast DeKalb

Price Upon Request

Apartments For Sale  •  201,646 SF

Property Details

  • Property Type Apartments
  • Total Building Size 201,646 SF
  • Lot Size 21.07 AC
  • Building Class B
  • Year Built 1989
  • Zoning RCD
30 Transit Score
40 Walk Score

Highlights

ATTRACTIVE ASSUMABLE LOAN: Fixed-rate Freddie Mac financing at 5.68%, with interest-only payments through November 2028.
LONG-TERM OWNERSHIP: Covington Glen has been meticulously maintained by the current owner for the past nine years.
OPPORTUNIT Y TO PUSH RENTS TO MARKET Competitors’ rents exceed the subject’s in-place rents by $242+.
INTERIOR VALUE-ADD: 100% of units can be updated to a consistent modern standard.
ATTRACTIVE RENT TO INCOME RATIO Current in-place rents of $1,110 account for just 15.8% of monthly average household income within a three-mile radius

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Cable Ready
  • Clubhouse
  • Dishwasher
  • Fireplace
  • Laundry Facilities
  • Property Manager on Site
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Carpet
  • Maintenance on site
  • Patio
  • Wheelchair Accessible (Rooms)
  • Window Coverings

Public Transportation

AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 30 min - 18.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 511
Type: Surface
Included in Rent: Yes
Matt White 678-427-3544 Berkadia Real Estate Advisors
Matt White 678-427-3544 Berkadia Real Estate Advisors