Multifamily
Conley Portfolio
925 Conley Rd SE, Atlanta, GA 30354
Listing Price: Request For Offer
Investment Overview
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.
Conley Portfolio
Investment Highlights
- Multifamily portfolio consisting of 4 complexes located together at 875, 900, 925, and 950 Conley Drive
- 875 & 925 Conley: strong occupancy, recently renovated interiors and exteriors, spacious floor plans, proximity to economic drivers
- 900 & 925 Conley: strong existing structures, heavy lift value-add potential, limited new deliveries entering the market, potential new construction finishes with a fraction of the cost
Exclusively Listed By
Investment Highlights
- Multifamily portfolio consisting of 4 complexes located together at 875, 900, 925, and 950 Conley Drive
- 875 & 925 Conley: strong occupancy, recently renovated interiors and exteriors, spacious floor plans, proximity to economic drivers
- 900 & 925 Conley: strong existing structures, heavy lift value-add potential, limited new deliveries entering the market, potential new construction finishes with a fraction of the cost
Investment Overview
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.
Exclusively Listed By
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