Although 33 years old, the class C property in the Atlanta bedroom community, boasted a 91% occupancy when it was sold for $1.87 million or $29,218 per unit by the Jerry S. Berez Trust of Austin, TX to an Atlanta private partnership affiliated with locally based Real Estate Investing & Consulting.
The 52,800-sf property consists entirely of two-bedroom, one-bath units, each averaging about 825 sf of living area. Average asking monthly rent is $640. Atlanta-based Southeast Apartment Partners' brokerage team of Joshua Goldfarb, Marc Robinson and Chris Johnston exclusively represented and marketed the property for the seller and also found the buyer.
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