Renovated 20-unit All Brick Apartments in East Point
3214 McKenzie Dr., East Point, GA 30344
This all brick apartment building has undergone extensive renovations, updates, and landscaping. Most of the work done by the very conscientous and attentive-to-detail owners. It’s now ready for smooth, low-maintenance operations. The clean, attractive environment attracts and keeps good tenants. It is located on a quiet cul-de-sac off Washington Road, a major east-west thoroughfare in one of Atlanta’s promising and developing in-town markets. There is good demand for rentals in the area and occupancy rates continue to increase. The extensive renovations and improvements have resulted in low maintenance costs, and actual 2007 YTD (annualized) financials show a Cap Rate of 9.6%. Even using industry standard expense rates and reserves, the property should give a Cap Rate of 8.4%.
Shown by appointment only. Please do not disturb tenants!
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View from interior of parking lot
Other side of the property
Typical Living Room
Typical Kitchen
Maintenance Shop
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For More Information Contact:
Vaughan P. Simmons, CCIM
Atlanta Apartment Brokers
Tel: 404-634-6030
Cell/Direct: 404-569-3465
Fax: 404-806-4405
info@atlaptbrokers.com
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