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82-A Berry Ave Newnan, GA 30263

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For Sale
$7,500,000

Apartment complex in growing Newnan, GA transitioning to market rates.

Type:Multifamily
Added:
Apr 3, 2026
Days on Market:
20
Last Refresh:
Apr 3 at 4:54 am

Property Features for 82-A Berry Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Joe Mitchell

Listing agent Joe Mitchell License #GA: 389970

Listing office Atlanta Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Office


Overview

Chestnut Lane Apartments Opportunity

Chestnut Lane Apartments presents an acquisition opportunity in a residential neighborhood. The property has transitioned to market-rate operations following the expiration of USDA Rural Development (RD) affordability restrictions. Existing tenants receive RD-issued tenant-based vouchers to offset the increase from restricted to market rents. These vouchers are assigned to the tenant and provide a temporary income bridge as units turn over and are re-leased at market rates. Newnan, GA, an Atlanta submarket, is experiencing growth, with the population projected to increase approximately 2.3% over the next several years.
Location Intelligence

Current Use by Public Records

Chestnut Lane Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newnan
County
Coweta
State
Georgia
Longitude
-84.7843655
Latitude
33.3802713

FAQs

What type of property is this?
Apartment building - Apartment complex in growing Newnan, GA transitioning to market rates.
Where is this apartment building located?
The property is located at 82-A Berry Ave Newnan, GA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Transition to market‑rate operations offers potential for increased rental income.; Located in Newnan, GA, a rapidly growing Atlanta submarket.; Attractive cap rate presents a compelling acquisition opportunity.
More about this property
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