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Multifamily

Crystal Apartments

50 Mount Zion Rd SW, Atlanta, GA 30354

Listing Price: Request For Offer

Number of Units
142
Gross SF
146,967

Investment Overview

The well-performing subject property is exhibiting positive momentum in regards to in-place operating performance and profitability. Collections hit an all time high in Q1 of 2021 with monthly income exceeding $115K. Year-over-year, effective gross income has increased as a result of multiple factors including a substantial capital infusion to address curb appeal and implement an interior renovation program. Additionally, the subject’s airport market has seen tremendous “organic” growth attributable to strong market demand for well-appointed residential units. With Atlanta’s airport submarket continuing to attract major employers in the industrial and warehouse sectors, surging population, continuing stable occupancy and rent growth are imminent, and Crystal Apartments is positioned to continue to experience strong demand and impressive rent growth.

Investment Highlights

  • Comprehensive Capital Infusion: • Premium Upgrade Program Implemented to 90+ Units
  • Highly-Marketable Unit Mix: • 78% Two and Three-Bedroom Floor Plans
  • Stabilized Asset Offering Multiple Channels of Upside Opportunity: • Opportunity to Increase Sec 8 Rents throughout 2021 • Current Ownership has re-tenanted the property

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
142
Gross SF
146,967

Investment Highlights

  • Comprehensive Capital Infusion: • Premium Upgrade Program Implemented to 90+ Units
  • Highly-Marketable Unit Mix: • 78% Two and Three-Bedroom Floor Plans
  • Stabilized Asset Offering Multiple Channels of Upside Opportunity: • Opportunity to Increase Sec 8 Rents throughout 2021 • Current Ownership has re-tenanted the property

Investment Overview

The well-performing subject property is exhibiting positive momentum in regards to in-place operating performance and profitability. Collections hit an all time high in Q1 of 2021 with monthly income exceeding $115K. Year-over-year, effective gross income has increased as a result of multiple factors including a substantial capital infusion to address curb appeal and implement an interior renovation program. Additionally, the subject’s airport market has seen tremendous “organic” growth attributable to strong market demand for well-appointed residential units. With Atlanta’s airport submarket continuing to attract major employers in the industrial and warehouse sectors, surging population, continuing stable occupancy and rent growth are imminent, and Crystal Apartments is positioned to continue to experience strong demand and impressive rent growth.

Exclusively Listed By

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