101 Iris Glen Dr SE
Conyers, GA 30013

Property Tours - Prospective buyers will be able to visit the property via prescheduled property tours, which will include access to a sampling of available units and limited access to property personnel. Tours will be offered by Chandler Brown on Tuesdays and Thursdays from November 2 through 30, 2017. Please note: Tours will be given Monday and Wednesday during the week of November 19, 2017. Prospective purchasers may not visit the property or contact the property, staff, and tenants without being accompanied by a representative from Greystone Brown Real Estate Advisors. Iris Glen Apartments is a 79-unit garden-style apartment community located in Conyers, GA. The Apartment Community is comprised of 13 single-story residential buildings that were built in 1983 and sit on a 9.15 acre site. The Property offers 8 studio units (288 SF), 55 1BR/1 BA garden units (576 SF), 12 2 BR/1 BA garden units and 4 2 BR/2 BA garden units (864 SF), all of which are currently occupied. The average unit size is 605 SF. The Community offer such amenities as a leasing office, laundry facility, mail kiosk and mature landscaping. The units feature a fully-equipped kitchen, frost-free refrigerator, pass The units feature a fully-equipped kitchen, frost-free refrigerator, pass-through shelving system, washer/dryer connections, faux wood vinyl flooring, laundry/utility room, window blinds, private patio*, vaulted ceilings*, ceiling fan(s)*, and attic storage (* = select units). Investment Highlights - Submarket's average occupancy of 97.9% is one of the highest in the MSA. - 100% occupied, cash-flowing property with 20+ person waitlist. - The asset is clearly visible to drivers on Interstate 20 (109,000 vehicles per day). - Located just half a mile east of Hwy. 138 (68,300 vehicles per day) offering immediate access to the I-20 interchange. - Proximate to major retail power centers including Belk, Kohl's, Home Depot, and the commercial district. - Large recent job announcements by Acuity Brands, Batchelor & Kimball, Third Ring Studios, Baxalta Pharmaceuticals, and the planned $200 million Atlanta Sports City complex will boost demand for housing. These recent announcements will bring over 2,700 jobs. - Proven interior renovation will result in $100 rent increase.