4711 Bishop Ming Blvd Stone Mountain, GA 30088
120-unit age-restricted community with value-add components.
Building Details
- Year built
- 2005
Source:
Bullrealty
Listing Agent: Ramon Garcia
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Antioch Manor Apartments Opportunity
Antioch Manor Apartments, a 120-unit age-restricted community, presents an opportunity for acquisition. Built in 2005, the property is well-occupied and offers immediate cash flow with multiple value-add components. Situated on approximately 10.16 acres, the community features a unit mix of 6 studios, 48 one-bed/one-bath units, 48 two-bed/one-bath units, and 18 two-bed/two-bath units. The property was appraised for $12,200,000 in 2020. Currently, five water-damaged units are under renovation and not included in the existing cap rate. An experienced operator may be able to adjust operating costs to align with the market and increase rents up to program limits. The property is conveniently located near healthcare facilities, retail centers, and major transportation routes.
Location Intelligence
Current Use by Public Records
Antioch Manor Estates
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Stone Mountain
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.1963488
- Latitude
- 33.7378524
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FAQs
What type of property is this?
Apartment building - 120-unit age-restricted community with value-add components.
Where is this apartment building located?
The property is located at 4711 Bishop Ming Blvd Stone Mountain, GA.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: - Significant value-add potential through expense optimization and rent increases.; - Immediate cash flow from a well-occupied, 120-unit age-restricted community.; - **Below market pricing** of $7,850,000 compared to a 2020 appraisal of $12,200,000.