82-A Berry Ave Newnan, GA 30263
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
Listing agent Joe Mitchell License #GA: 389970 (678) 808-2715
Listing office Atlanta Office (678) 808-2715
Listing date Apr 3, 2026
Source Marcusmillichap
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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
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7843655
- Latitude
- 33.3802713
Nearby Similar for Sale
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.
