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Central Park 2900 Camp Creek Pky

280 Unit Apartment Building For Sale College Park, GA 30337

Investment Highlights

  • 25% rental upside
  • Ability to bring 37 “down” units back online adding over $500,000 in gross potential rent
  • Located in a designated opportunity zone
  • Privately owned and operated for the past 12 years
  • Attractive unit mix of spacious 1BR and 2BR units
  • Only 5 minutes away from Camp Creek Marketplace which is home to dozens of national brand restaurants, retail and services

Executive Summary

Broker of Record
Bill Pedersen
License No. 80041 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type Investment
No. Units 280
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 23.06 AC
Building Size 257,880 SF
Average Occupancy 76%
No. Stories 3
Year Built 1970
Parking Ratio 1.32/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Fireplace
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Range
  • Carpet

Site Amenities

  • Clubhouse
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Property Manager on Site
  • Gated
  • Grill
  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 143 - 840
2+1 25 - 980
2+1.5 56 - 1,000
2+2 56 - 1,020

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-0224-LL-048-1
Land Assessment
$2,185,966 CAD
Improvements Assessment
$2,738,006 CAD
Total Assessment
$4,923,972 CAD

zoning

Zoning Code C1, College Park
C1, College Park
  • Listing ID: 33675264

  • Date on Market: 2024-10-29

  • Last Updated:

  • Address: 2900 Camp Creek Pky, College Park, GA 30337

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