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Conley Portfolio - 4 Properties 925 Conley Rd

152 Unit Apartment Building For Sale Atlanta, GA 30354

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Executive Summary

Marcus & Millichap is pleased to present for sale a multifamily portfolio consisting of 4 complexes located together at 875,900,925, and 950 Conley Drive in Atlanta, Georgia. 875 and 925 Conley are currently operated as one complex and feature 152- units with generous living spaces that have been 100% renovated. They all feature newer HVAC, plumbing, and electrical systems. Despite these recent improvements, there remains significant value-add potential through strong management. 900 and 950 are blank canvases. There are 279- Units ready to be renovated. Both complexes consist of solid structures and have utilities already onsite. There is an opportunity to have 431 Units within one singular location. The potential economies of scale are great on this asset.
The portfolio is located in South Atlanta and shares a sub-market with the vibrant cities of Hapeville and Forest Park. All three cities are close to Hartsfield-Jackson Atlanta International Airport. This submarket is a distribution and logistics hub and there are many major employers in the area such as HD Supply, Clorox, Amazon, and Cummins Diesel. The portfolio is also conveniently located just 10 minutes south of downtown Atlanta.
875 & 925 Conley can be purchased as a portfolio
900 & 950 Conley can be purchased as a portfolio

Conley Portfolio - OM

Property Facts

Sale Type	Investment	Building Size	158,000 SF
No. Units	152	Average Occupancy	0%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built/Renovated	1970/2021
Apartment Style	Garden	Parking Ratio	2.01/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	11.63 AC

Sale Type	Investment
No. Units	152
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	B
Lot Size	11.63 AC
Building Size	158,000 SF
Average Occupancy	0%
No. Stories	2
Year Built/Renovated	1970/2021
Parking Ratio	2.01/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.