34-Unit Multifamily Opportunity in Atlanta
2959 Forrest Hills Dr SW
Atlanta, GA 30315
Highlights
- Huge value-added opportunity
- 34 Unit apartment complex in upcoming area of Hapeville
- 18 fully remodeled units
- New roof in 2021
- Both townhome and flat units
- 1 & 2 bedrooms and 1 & 1.5 bathrooms
Description
Exclusively offered by Realty ONE Group Terminus, this rare 34-unit multifamily apartment complex located in the town of Hapeville. Built in 1962 this 3-building property consists of ten 1 bedroom / 1 bath flats and twenty-four 2 bedrooms / 1.5 bath townhouse style units.
Sixteen units were updated in 2011 and the additional eighteen were fully renovated in 2022. Townhomes at Hapeville has 53% fully renovated apartments and 67% occupancy, due to renovations.
Townhomes at Hapeville is located just south of downtown Atlanta in Aerotropolis submarket. Located directly across from Forrest Hills Academy, a 6-12 charter school as well as easy access to all major interstates and only a 10-minute drive to Hartsfield Jackson Airport. This apartment complex is in a highly desired investment submarket being just 5 minutes from the charming historic downtown district. Close in proximity to Porsche North America Headquarters and Experience Center, Delta Airlines Headquarters, Wells Fargo Corporate Office, and other high-profile corporations.
Hapeville’s rapid growing community has a new mixed-use multi-family community coming in March 2023. This will consist of luxury apartments, quality retail, and restaurants which will all continue to drive the growth of Hapeville.
Documents
Offering Memorandum Final 6.21Townhomes at Hapeville - 34 Units in Atlanta - Realty ONE Group Terminus Brochure
